Michael Lynn faces retrial for €27m bank theft in 2023

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

Michael Lynn was due to face a retrial on 16 October 2023 over allegations that he stole about €27 million from seven banks, after a jury failed to reach a verdict in Dublin Circuit Criminal Court. The date was set by Judge Martin Nolan; Lynn had pleaded not guilty to 21 theft counts.

The jury was discharged after 12 hours of deliberations in the four-month trial. Lynn, who gave evidence for nine days, said the banks knew he had multiple loans secured against the same properties.

The prosecution sought a retrial after Lynn’s trial assertions, saying it wanted to make further enquiries. The retrial was expected to take 10 weeks.