Courts / Wicklow / Report

Michael Lynn had assets of over €45m at time of mortgage application, theft trial hears

Date
2022-02-11

Stage
Trial

Primary locality
Wicklow

County
Wicklow

Summary

In a Dublin Circuit Criminal Court hearing, former solicitor Michael Lynn, aged 53, faces 21 theft charges for allegedly siphoning about €27 million from seven financial institutions between October 2006 and April 2007. Lynn denies all allegations. Building society officials testified that they would not have approved a €4.1 million mortgage to Lynn if they had known a second mortgage existed on Glenlion House, Howth. Lynn and his wife Bríd Murphy secured the property, valued at €5.5 million, through multiple lenders: Irish Nationwide Building Society, Bank of Scotland Ireland, ACC Bank, and others. The court heard that Lynn's assets were valued at over €45 million and that he maintained an "immaculate repayment record." The trial, expected to last up to 14 weeks, resumed on Monday before Judge Martin Nolan and a jury. The proceedings focus on the alleged dual mortgages and the resulting financial loss to the banks. Michael Lynn pleaded not guilty.

Who, what, where, when and why

What: Report matter: Michael Lynn had assets of over €45m at time of mortgage application, theft trial hears. Charges or matters: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007. Procedural stage: trial

When: