‘Write €21m cheque and go home’

A claim that IBRC overcharged developer John Flynn €100,000 on loans has to be seen in the context of Nama’s claim Mr Flynn and his family owe the agency €21m, the Commercial Court has heard.

Rossa Fanning, counsel for Nama, said a cheque for the €21m, less the disputed €100,000, should be written by the Flynns “and we can all go home”.

Jarlath Ryan, for Leona Flynn, said IBRC special liquidator Kieran Wallace had, in recent court proceedings brought by Mr Flynn in Delaware, US, admitted there was overcharging by IBRC and his side wanted to study the proceedings’ transcript.