Courts / Wicklow / Report
Bank official tells trial her career 'nose dived' after fallout from Michael Lynn loan
Summary
Michael Lynn, 55, of Co. Wicklow, is on trial at Dublin Circuit Criminal Court accused of 21 counts of theft in Dublin between October 23, 2006, and April 20, 2007. He has pleaded not guilty to these charges, which allege the theft of approximately €27 million from seven financial institutions. The prosecution contends that Mr. Lynn obtained multiple mortgages on the same properties while banks were unaware of other financing. Testifying, former INBS senior underwriter Olivia Greene stated that her career "nosedived" after the €4.1 million loan to Mr. Lynn for Glenlion House came under scrutiny. She told the court that INBS chief executive Michael Fingleton refused to take responsibility for the approval, leading to her constructive dismissal. Under cross-examination by Paul Comiskey O'Keefe BL, Ms. Greene agreed that INBS was a beneficiary of the bank insolvency scheme, was fined €5 million which it could not pay, and ultimately cost the state €5.4 billion. The trial is currently at the sentencing stage, though the matter remains ongoing as the trial resumes before Judge Martin Nolan.
Who, what, where, when and why
What: Report matter: Bank official tells trial her career 'nose dived' after fallout from Michael Lynn loan. Charges or matters: 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007. Procedural stage: sentence
When:
- October 23, 2006 Hearing Or Sentence
- April 20, 2007 Hearing Or Sentence
- 2023-11-10 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
Outcome: Under cross-examination from Paul Comiskey O'Keefe BL, defending, Ms Greene agreed that INBS was a beneficiary of the bank insolvency scheme, was fined €5 million which it was unable to pay and that ultimately, the total cost to the state was €5.4 billion.
Places mentioned
Topics
Related court reports
- Disgraced ex-solicitor Michael Lynn's appeal to go to Supreme Court
- Disgraced former solicitor Michael Lynn fails to have prison sentence reduced
- Disgraced former solicitor Lynn could be released from prison next month if appeal succeeds, lawyers say
- Disgraced former solicitor Lynn gets legal aid for appeal after telling court 'he has no means'
- Disgraced solicitor Lynn brings High court challenge over legal costs refusal
- DPP investigating if millions in assets linked to disgraced solicitor Lynn are benefits of crime
If a fact, identity, locality or legal outcome needs review, email the newsroom with this report's details prefilled.
Email a correction request