Michael Lynn denies theft charges at Dublin trial

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Michael Lynn was on trial for 21 theft counts at Dublin Circuit Criminal Court during closing speeches on 26 May 2022. He is accused of taking almost €30 million from seven financial institutions.

Lynn pleaded not guilty. His defence was that bankers knew about multiple mortgages on the same properties and had agreed he could use mortgage funds for overseas developments. The prosecution disputed that account, while defence counsel said Lynn had not broken laws by leaving Ireland or Portugal for Brazil. The proceedings were reported on 26 May 2022. Judge Martin Nolan was due to address the jury before verdict deliberations.