Courts / Wicklow / Report
Michael Lynn pleads not guilty to stealing €27m from banks
Summary
Michael Lynn, aged 53, pleaded not guilty to 21 charges of stealing approximately €27 million from seven banks between 2005 and 2007. The banks named are Ulster Bank, Bank of Ireland Mortgages Bank Ltd, Bank of Scotland Ireland Ltd, Danske Bank trading as National Irish Bank, ACC, Irish Life and Permanent trading as PTSB, and Anglo Irish Bank. Lynn also pleaded not guilty to a single count of stealing €2,742,000 from Bank of Ireland Mortgages Bank Ltd on 13 December 2006. Prosecutor Patrick McGrath SC told the jury that the alleged thefts involved Lynn applying for multiple mortgages on the same properties. The trial, set to last 12–14 weeks, will hear from 70 witnesses and requires a 15‑member jury; 11 jurors were empanelled today. Judge Martin Nolan adjourned the case to allow the remaining jurors to be empanelled and warned that jurors must not seek information about the case online.
Who, what, where, when and why
What: Report matter: Michael Lynn pleads not guilty to stealing €27m from banks. Charges or matters: one count of stealing €2,742,000, the property of Bank of Ireland Mortgages Bank Ltd, on December 13, 2006. "This is a case where the allegations are that over a period of time, between 2005 and 2007, Michael Lynn, the accused, stole approximately €27 million from these financial institutions," Patrick McGrath SC, prosecuting, told the jury panel ahead of empanelling. "There are 21 counts on the indictment and they relate to thefts that the prosecution say were done within that period of time and in relation to the property of these banks." Mr McGrath said the prosecution case is that Mr Lynn "applied for multiple mortgages on the same properties". Procedural stage: trial
When:
- December 13, 2006 Hearing Or Sentence
- 2005 and 2007 Other
- 2022-02-07 Publication
Case subjects
Defendant
Charges: one count of stealing €2,742,000, the property of Bank of Ireland Mortgages Bank Ltd, on December 13, 2006. "This is a case where the allegations are that over a period of time, between 2005 and 2007, Michael Lynn, the accused, stole approximately €27 million from these financial institutions," Patrick McGrath SC, prosecuting, told the jury panel ahead of empanelling. "There are 21 counts on the indictment and they relate to thefts that the prosecution say were done within that period of time and in relation to the property of these banks." Mr McGrath said the prosecution case is that Mr Lynn "applied for multiple mortgages on the same properties" (Alleged Or Contested)
Plea: Not guilty
Outcome: Judge Martin Nolan adjourned the case to today to empanel the remainder of the jury.
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