Courts / Wicklow / Report

€4.1m mortgage was 'never a home loan', Michael Lynn's defence team say

Date
2023-11-03
Stage
Trial
Primary locality
Redcross
County
Wicklow

Summary

During a multi‑million theft trial, Michael Lynn's defence team argued that the €4.1 million mortgage for Glenlion House in Howth was never a home loan but a development loan, citing a survey that identified potential development sites. Lynn, 55, pleaded not guilty to 21 theft counts involving €27 million stolen from seven financial institutions. Witnesses, including former INBS manager Mark Mulcahy and former National Irish Bank assistant Orla Deignan, testified about Lynn's mortgage applications between 2000 and 2002 and the 2007 application for Glenlion House, which was initially declined but later approved and subsequently written off as unrecoverable debt. Defence counsel highlighted that Lynn had been making repayments until accounts were frozen in October 2007. The trial, presided over by Judge Martin Nolan, continues before a jury.

Who, what, where, when and why

What: Report matter: €4.1m mortgage was 'never a home loan', Michael Lynn's defence team say. Charges or matters: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007. Procedural stage: trial

When:

Case subjects

Unnamed accused

Accused

Charges: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007 (Alleged Or Contested)

Plea: Not guilty

Places mentioned

Facility
  • Glenlion House
Secondary Mention

Topics

Stage Trial Theft

Related court reports

Read the original CNI report

Correction or retraction request

If a fact, identity, locality or legal outcome needs review, email the newsroom with this report's details prefilled.

Email a correction request