Courts / Wicklow / Report
Michael Lynn breached €3.6m loan agreement one year after it issued, trial hears
Summary
Former solicitor Michael Lynn, aged 53, is on trial for 21 theft charges alleging he stole about €27 million from seven financial institutions. The case focuses on a €3.6 million loan he obtained from a bank in September 2006 for 11 Dublin investment properties, with 85 % financing requested. The prosecution claims Lynn breached the agreement in October 2007, leading the bank to demand full repayment. Evidence presented by Sam Beamish, a former Ulster Bank director, details the loan application, signed offer letter, and letters of undertaking supposedly authorising solicitor Fiona McAleenan. The prosecution alleges these letters were forged by an employee of Lynn's firm. Lynn denies all charges. The trial, before Judge Martin Nolan and a jury, continues next week. The involved banks are Bank of Ireland Mortgages, Danske Bank, Irish Life and Permanent, Ulster Bank, ACC Bank, Bank of Scotland Ireland, and Irish Nationwide Building Society.
Who, what, where, when and why
What: Report matter: Michael Lynn breached €3.6m loan agreement one year after it issued, trial hears. Charges or matters: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007. Procedural stage: trial
When:
- September 2006 Other
- October 2006 Other
- October 2007 Other
- October 23, 2006 Hearing Or Sentence
- April 20, 2007 Hearing Or Sentence
- 2022-02-25 Publication
Case subjects
Defendant
Charges: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007 (Alleged Or Contested)
Plea: Not guilty
Places mentioned
Topics
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