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Fingleton 'wanted somebody else to take flak' for €4m loss on Michael Lynn loan, witness says
Summary
During the 15th day of Michael Lynn's trial at Dublin Circuit Criminal Court, a witness, former senior underwriter Olivia Greene, testified that former Irish Nationwide boss Michael Fingleton had denied signing off on a €4,125,000 loan for a Howth house. Greene said Fingleton had asked her who approved the loan, and she claimed he had agreed it in his office. Fingleton allegedly wanted someone else to "take the flak" for the loan, which was later written off at a loss of over €4 million. Greene noted that Fingleton had special powers from the board to alter loan terms and offer preferential rates. She could not confirm any secret profit deals. The trial, which continues before Judge Martin Nolan and a jury, involves 21 counts of theft against Lynn, who has pleaded not guilty. The case covers seven financial institutions, including Irish Nationwide Building Society. The proceedings remain ongoing.
Who, what, where, when and why
What: Report matter: Fingleton 'wanted somebody else to take flak' for €4m loss on Michael Lynn loan, witness says. Charges or matters: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007. Procedural stage: trial
When:
- April 2017 Hearing Or Sentence
- February 2008 Hearing Or Sentence
- October 23, 2006 Hearing Or Sentence
- April 20, 2007 Hearing Or Sentence
- 2022-03-03 Publication
Case subjects
Accused
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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