Lynch family denies ‘Celtic Tiger cubs’ portrayal as €25m loan case nears end
In his closing reply for the family yesterday, Brian O’Moore said the evidence was they always understood the February 2007 loan was made on the basis AIB would have no recourse to them individually for the €25m and they would not have signed up to it otherwise.
The family had been wrongly painted as “Celtic Tiger cubs” involved in an “orgy” of casual, promiscuous and high-risk borrowing when they actually had a “conservative” attitude towards borrowing, he said.
