Date set for new trial of solicitor Michael Lynn accused of stealing millions
Mr Lynn stood trial in Dublin Circuit Criminal Court this year accused of stealing about €27 million from seven banks between 2006 and 2007. He denied all of the charges against him.
Michael Lynn. Picture by Colin Keegan
The retrial of former solicitor Michael Lynn, who is accused of stealing millions of euro from a number of financial institutions, has been set down for October 2023.
Mr Lynn stood trial in Dublin Circuit Criminal Court this year accused of stealing about €27 million from seven banks between 2006 and 2007. He denied all of the charges against him.
The jury in the four month trial failed to reach a verdict after 12 hours of deliberating and was discharged earlier this month.
Today, John Berry BL, prosecuting, told the court the Director of Public Prosecutions (DPP) is seeking a retrial.
Mr Berry said the prosecution wished to “make certain enquiries” as a result of some assertions Mr Lynn made during the trial. He said it was anticipated the trial would take 10 weeks.
Read more
Mr Lynn (53) of Millbrook Court, Red Cross, Co Wicklow pleaded not guilty to 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007, when he was working as a solicitor and property developer.
It was the prosecution case that Mr Lynn obtained multiple mortgages on the same properties in a situation where the banks were unaware that other institutions were also providing finance.
These properties included 'Glenlion' - Mr Lynn's €5.5 million home in Howth - and multiple investment properties.
The financial institutions involved were Bank of Ireland, National Irish Bank (later known as Danske Bank), Irish Life and Permanent, Ulster Bank, ACC Bank, Bank of Scotland Ireland Ltd and Irish Nationwide Building Society.
Mr Lynn took the stand for nine days and told his trial that the banks were aware he had multiple loans on the same properties and that this was “custom and practice” among bankers in Celtic Tiger Ireland.
He said he had “secret deals” with a number of bankers, who gave him permission to use the loan money for his property developments abroad.
Judge Martin Nolan set a retrial date of October 16 next year.
Today's Headlines
EXCLUSIVE | Kinahan cartel links help East Belfast UVF ‘spread wings’ into international drug trade
'violent disorder' | Brothers Glen Ward and Eric O’Driscoll sent for trial over alleged Finglas brawl
Recovery | Doireann Garrihy’s boyfriend Mark Mehigan opens up about his struggles with alcoholism
LATEST | Kinahan cartel gang boss Liam Byrne says he will fight extradition back to UK for trial
FREAK INJURY | ‘I see the funny side now’ – man breaks back after mum’s gravestone falls on top of him
ring girl | Former Miss Ireland announces she got engaged in stunning Santorini
SHocking | Boy violently attacked by gang of youths in park - police investigating footage
'lethal' | ‘It was crazy’ – Dublin homeless café manager describes shocking effects of ‘liquid ecstasy’
'most gifted' | Teen footballer killed in jet ski accident was ‘true hero on the pitch’, funeral told
'vacuous vanity' | Love Island is a ‘better looking Daíl’ with betrayal and backstabbing