Businessman claims €25m Waterford land deal was ‘a minor detail’ in his life

BUSINESSMAN Philip Lynch has told the Commercial Court a €25 million deal in 2006/07 to buy development lands in Waterford was “a minor detail” in his life at that time.

Mr Lynch also said he could not let developer Gerry Conlan — who was involved in the Waterford deal with Mr Lynch — be described as “a gambler”. Mr Conlan “is not a gambler and I would hate anyone to say that about him”.

This remark was a response to alleged advice by businessman Paschal Taggart, who was involved with both the Lynch and Conlan families, to Mr Lynch to the effect, if Mr Lynch “played with” Mr Conlan he would lose as Mr Conlan was “a gambler”.