Courts / Wicklow / Report
Internal bank documents support defence of 'undertaking only' mortgages, Michael Lynn's defence say
Summary
During a multi‑million‑euro theft trial, defence counsel for Michael Lynn presented internal National Irish Bank documents that suggested senior management kept information "off the official record." Lynn, aged 55, is accused of stealing about €27 million from seven banks between October 2006 and April 2007, and has pleaded not guilty to 21 theft counts. The prosecution argues Lynn obtained multiple mortgages on the same properties without banks knowing other institutions were financing them. Defence highlighted a phrase "solicitors undertaking / 4 properties" in a bank document, claiming it supported Lynn's claim that the mortgages were undertaking‑only. A retired bank manager denied knowledge of such mortgages and said he had provided all relevant information. The trial continues before Judge Martin Nolan and a jury.
Who, what, where, when and why
What: Report matter: Internal bank documents support defence of 'undertaking only' mortgages, Michael Lynn's defence say. 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
- November 2006 Hearing Or Sentence
- July 2006 Hearing Or Sentence
- September 2006 Hearing Or Sentence
- April 2007 Hearing Or Sentence
- July 2007 Hearing Or Sentence
- August 2007 Hearing Or Sentence
- September 2007 Hearing Or Sentence
- 2023-10-31 Publication
Why: Mr Mahon said that because of the delay, his clients had a right to interest owed of €18,000 and they started legal proceedings against Mr Lynn. 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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