The Finance Minister Michael Noonan has reportedly ruled out any widening of terms in the SiteServ inquiry to include suspicious transactions at AIB.
The announcement comes after the former boss of IBRC, Mike Aynsley strongly suggested that they were not the only institution arranging deals with big borrowers. Mr Aynsley has apparently called for the upcoming Siteserv review to be widened to investigate other big institutions. However Michael Noonan has seemingly blocked any further investigations saying that the committee in charge will only focus their investigation on issues of concern.
Mr Noonan said: “Well we have seen situations before where it was in the interests of people to widen the terms of reference so that the review would go on indefinitely”. “And we had the Moriarty Tribunal and other tribunals gone on for 12 or 14 years”. He also added: “The issues of concern here arise from IBRC, Anglo Irish Bank – and that’s what’s going to be addressed in the review”.