Courts / Dublin / Report
Witness denies telling Michael Lynn that 'banks felt they had to move against him'
Summary
In the trial of Michael Lynn, a 53‑year‑old former solicitor accused of stealing about €27 million from seven banks, a witness named Jim Madden denied claiming that "all of the banks felt collectively they had no choice but to move against him." Madden, a former senior business manager at Bank of Ireland, explained that his role involved meeting prospective clients but that loan approval rested with the bank's group credit section. He recalled meeting Lynn in 2005 and 2006 regarding mortgages for eight investment properties, noting that Lynn signed a loan offer and accepted its terms. Madden also stated he had met Lynn at least twice, once in a non‑working setting, and could not remember any conversation about banks' collective stance. The court heard that Lynn has pleaded not guilty to 21 theft charges covering October 2006 to April 2007, and the trial is ongoing.
Who, what, where, when and why
What: Report matter: Witness denies telling Michael Lynn that 'banks felt they had to move against him'. Procedural stage: trial
When:
- September 2006 Hearing Or Sentence
- December 2006 Hearing Or Sentence
- December 21, 2006 Other
- February 6, 2007 Other
- October 23, 2006 Hearing Or Sentence
- April 20, 2007 Hearing Or Sentence
- 2000 to 2010 Other
- 2022-02-23 Publication
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