Courts / Wicklow / Report
Michael Lynn denies telling 'pack of lies' about secret deals with bankers
Summary
In a Dublin Circuit Criminal Court hearing on 16 May 2022, former solicitor Michael Lynn, aged 53, denied that he had lied to the jury about alleged secret deals with senior Irish bankers. He was on trial for 21 counts of theft, accused of stealing about €27 million from seven financial institutions between October 2006 and April 2007. Lynn claimed the banks knew he had taken multiple mortgages on the same properties and that this was "custom and practice" in Celtic Tiger Ireland. He said he had a "secret profit deal" with former Irish Nationwide chief executive Michael Fingleton, who allegedly would profit from a property development in Portugal. Lynn also alleged that bank officials from Irish Life and Permanent, Bank of Ireland, Bank of Scotland Ireland, Ulster Bank and National Irish Bank had met with him or his company to facilitate these arrangements. The unnamed accused pleaded not guilty.
Who, what, where, when and why
What: Report matter: Michael Lynn denies telling 'pack of lies' about secret deals with bankers. Charges or matters: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007. Procedural stage: trial
When:
- October 23, 2006 Hearing Or Sentence
- April 20, 2007 Hearing Or Sentence
- 2008 to 2022 Other
- 2022-05-16 Publication
Why: Mr McGrath put it to Mr Lynn that he "couldn't divert that money into fraudulent undertakings because they had their own independent solicitors". CNI source report
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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