Organisation: Irish Life and Permanent

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p> Michael Lynn had taken the stand 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. Photo: Collins Courts</p>

court and crime

Former solicitor Michael Lynn found guilty of stealing €17.9m from six banks

He was found guilty on 10 of the 21 charges against him

<p>Michael Lynn (pictured) stood trial in Dublin Circuit Criminal Court this year accused of stealing about €27 million from seven banks between 2006 and 2007. File picture: Collins Courts</p>

court and crime

Retrial of Michael Lynn for alleged €27m theft from seven banks set for next year

<p>It was the prosecution case that Michael Lynn (pictured) obtained multiple mortgages on the same properties in a situation where banks were unaware that other institutions were also providing finance. Picture: Collins Courts</p>

court and crime

Jury fails to reach verdict in former solicitor Michael Lynn's €27m theft trial

court and crime

'You may like or dislike Michael Lynn...but he is entitled to a fair trial,' judge tells jury

court and crime

Michael Fingleton's 'right-hand man' claims Michael Lynn lied about meeting him

court and crime

Bankers deny Michael Lynn's 'ludicrous' secret deals claim in €27m theft trial

Michael Lynn's wife didn't know if he was 'dead or alive' in Brazilian prison, court told

Ms Murphy told the court the Brazilian prison guards did "not enter the prison as they are afraid of the prisoners”.

Thu, 19 May, 2022

Michael Lynn defends move not to 'reveal his hand' about alleged secret deals with bankers

Mr Lynn also told the court he gave what he described as a €5,000 to €10,000 “spending money / bonus” to senior bankers, including Michael Fingleton

Fri, 13 May, 2022

Brazil prison 'like something from Game of Thrones', Michael Lynn tells court

The former solicitor said the Brazil prisons "are run by prisoners" and described how he saw one inmate beheaded by other convicts

Thu, 12 May, 2022

Michael Lynn: If I had come up with a 'witches' brew' the banks would have caught it

The former solicitor said this practice was going on as far back as 2003 when he had a similar arrangement with Bank of Ireland

Mon, 09 May, 2022

Michael Lynn 'was constantly travelling' for two years instead of running his solicitor practice

The former solicitor recalled being at meetings with people like Albert Reynolds, who was chairman of one such client, Cunningham Property

Fri, 06 May, 2022

Michael Lynn's colleague was unaware of details of his borrowings, €27m theft trial told

Ms McAleenan agreed with defence counsel that she had been in partnership negotiations with Mr Lynn, but said she was “never a partner”.

Thu, 31 Mar, 2022

Solicitor tells Michael Lynn trial 'alarm bells rang' over property correspondences

The solicitor was recommended by another solicitor, and possibly the Law Society, to leave Michael Lynn's practice immediately

Wed, 30 Mar, 2022

Solicitor tells trial she never acted for Michael Lynn in purchase of €5.5m property

The solicitor said it was possible someone had accessed her computer while she was at lunch or in court as it was not password protected

Tue, 29 Mar, 2022

Signature of Michael Lynn employee was forged a number of times, €27m theft trial told

Fiona McAleenan told Michael Lynn's trial that she never gave anyone permission to forge her signature on a number of documents

Mon, 28 Mar, 2022

€27m theft trial hears signature on letter of undertaking for €3.7m loan is not solicitor's

The former bank official said he established Michael Lynn was not the registered owner of the properties

Wed, 09 Mar, 2022

Trial hears former solicitor was 'embarrassed and annoyed' about €1.9m loan delay

The court was also shown documents supplied to the bank relating to Mr Lynn's overseas investment company, Kendar Global Properties

Tue, 08 Mar, 2022

Michael Lynn said he intended to stay in Ireland after reports about his business affairs

The court heard that on one property linked to Mr Lynn, Bank of Scotland Ireland was left at a loss of the mortgage value of around €224,000

Fri, 04 Mar, 2022

FILE PHOTO Former Irish Nationwide CEO Michael Fingleton is appealing a High Court decision to refuse to halt a case against him

Michael Fingleton wanted someone else to 'take the flak' for Michael Lynn loan, trial told

A former senior underwriter at Irish Nationwide Building Society told the trial of a dispute with Mr Fingleton over a €4,125,000 loan to the former solicitor

Thu, 03 Mar, 2022

Michael Lynn's lawyer alleges accused had 'secret deal' with ex-bank CEO Michael Fingleton

Feargal Kavanagh told the jury this was a case where a bank was “giving money out willy nilly” and then came back to “whinge about it later”

Tue, 01 Mar, 2022

Memo sought prioritisation for Michael Lynn application as he was 'under pressure to close'

Irish Nationwide Building Society documents had said the former solicitor had an excellent repayment record with the building society

Mon, 28 Feb, 2022

Bank claims ex-solicitor Michael Lynn broke agreement a year after getting €3.6m loan

This allegation centres around a loan to buy 11 properties in Dublin as investment properties

Fri, 25 Feb, 2022

Former solicitor's €27m theft trial hears Danske Bank lost €1.3m in loan to Michael Lynn

Mr McCole said the bank was ultimately unable to establish security on the properties and the bank suffered a loss of the total value of the loan

Thu, 24 Feb, 2022

Jury hears of ex-solicitor Michael Lynn's €1.388m loan application to buy four Dublin apartments

The loan was sought on the basis that the apartments would be “investment properties”

Wed, 23 Feb, 2022

Bank would not have approved €2.7m loan had it known of false documents, court told

Michael Lynn is facing 21 charges relating to the alleged theft of around €27m from seven financial institutions, the trial has heard

Tue, 22 Feb, 2022

Accountant tells Michael Lynn trial documents said to be signed by his firm were not

It is alleged Mr Lynn provided statement of affairs documentation which purported to be from an accountancy firm but were not

Mon, 21 Feb, 2022

€27m theft trial of former solicitor Michael Lynn adjourned after juror gets Covid

It is the prosecution case that Mr Lynn got multiple mortgages on the same properties where banks were unaware that other institutions were also providing finance

Mon, 14 Feb, 2022

Trial hears testimony on Michael Lynn's €3.8m and €4.1m mortgage applications

Building society documents said Michael Lynn had profits of 'approximately €1.25m. He has assets valued at over €45m'

Fri, 11 Feb, 2022

Banker's ears pricked up at overhearing dealers discussing 'doing several billion with Anglo', trial hears

A banker at Irish Life and Permanent said his ears pricked up on overhearing dealers discussing “doing several billion with Anglo” in September 2008.

Fri, 27 Apr, 2018

Anglo customer funding increased by €1.9bn, according to 2008 statement issued to stock exchange

A statement issued to the Irish Stock Exchange by Anglo Irish Bank, and signed by David Drumm, said customer funding had increased by €1.9bn, Dublin Circuit Criminal Court has heard.

Mon, 09 Apr, 2018

Judge warns enlarged jury researching case online could collapse David Drumm trial

David Drumm, the former chief executive of Anglo Irish Bank, has pleaded not guilty to being involved in an alleged €7.2bn conspiracy to defraud and to dishonestly providing false information to the market.

Wed, 10 Jan, 2018

Auditor regulators ‘will not reopen banks probe’

The regulatory board overseeing auditors has signalled it will not reopen its investigation into the quality of audits of banks just before the crash, despite damning criticism from the judge who yesterday jailed three banking executives.

Sat, 30 Jul, 2016

Former Anglo and ILP executives to be sentenced for fraud this week

Three former banking executives convicted of taking part in a €7bn fraud will be sentenced on Friday.

Tue, 26 Jul, 2016

Couple in Thai adoption wrangle have home repossessed

A couple, who claim they have had to live in Thailand for several years in a bid to adopt their late son’s abandoned child, have lost their Dublin home in a bank repossession case.

Wed, 13 Jul, 2016

€340,000 in payment arrears on Dublin house

A Dublin man, who bought a €1.26m house as an investment in March 2006, now owes €340,000 in repayment arrears. He has not paid a penny of the mortgage for the past six years, a judge heard today.

Tue, 21 Jun, 2016

Report alleges Central Bank knew of fraudulent transactions between Anglo and IL&P

It has been alleged the Central Bank may have been aware of fraudulent transactions at Irish Life and Permanent and Anglo Irish Bank.

Sun, 19 Jun, 2016

Fitzpatrick acquitted over Anglo €7.2bn scheme to defraud markets

A jury has acquitted the former finance director of Irish Life and Permanent (IL&P) of helping Anglo Irish Bank defraud the markets in 2008 in a €7.2bn scheme.

Sat, 04 Jun, 2016

Anglo trial: Accountant denies being confused by 'labyrinthine' standards

An accounting expert has denied being confused about “labyrinthine” accounting standards while giving evidence at the trial of four former bankers accused of conspiring to mislead investors.

Mon, 18 Apr, 2016

Juror excused in Anglo trial

A man has been excused from serving on the jury in the ongoing trial of four former executives from Anglo Irish Bank and Irish Life and Permanent (ILP).

Mon, 04 Apr, 2016

Catch-up with what you've missed today with our evening briefing

Here’s a briefing on some of the stories and issues highlighted on irishexaminer.com today.

Tue, 15 Mar, 2016

€7.2bn conspiracy trial in legal talks

The trial of four senior bankers accused of conspiring to mislead investors has gone into legal argument until Thursday.

Tue, 02 Feb, 2016

Anglo loan details were to be kept ‘tight as a duck’s arse’

Anglo Irish Bank management discussed disguising short-terms loans of €750m from Irish Life and Permanent and keeping the details “tight as a duck’s arse”, the trial of former banking executives has heard.

Sun, 31 Jan, 2016

Drumm ‘authorised’ €7bn deal

Former Anglo treasurer testifies at trial of bosses Trial hears Drumm authorised dishonest payments

Thu, 21 Jan, 2016

Dublin couple have seven weeks to save home

A couple “unsustainably indebted to their bank” have been given seven weeks to see if they can save their home through the mortgage-to-rent scheme.

Fri, 15 Jan, 2016

Potential juror in bankers trial suffered panic attack

A potential juror had a panic attack during jury selection in the trial of former Anglo Irish Bank executive officials in a “financial fraud” case. 

Tue, 12 Jan, 2016

Ex-Bank of Ireland boss gives account of guarantee

Anglo Irish Bank asked Bank of Ireland to take it over while the Central Bank also asked BoI to consider buying Irish Life and Permanent in the hours before the September 2008 bank guarantee.

Fri, 01 May, 2015

State requests enlarged jury panel for bankers' trial

The State requires an enlarged jury panel to deal with the case of former Anglo Irish Bank executive William McAteer and three co-accused, the Dublin Circuit Criminal Court heard this morning.

Mon, 24 Nov, 2014

Judge to seek EU ruling on bank shareholders’ challenge

Judge Iseult O’Malley, who has been dealing with a Permanent TSB shareholders’ challenge to the constitutionality of laws which permitted the bank’s €4bn recapitalisation by the State, is to seek a preliminary ruling on the law from the European Court of Justice.

Sat, 16 Aug, 2014

Four bankers due in court over Anglo conspiracy

Four former bankers are due before Dublin Circuit Criminal Court accused of taking part in a €7.2bn conspiracy to dupe investors by inflating deposits at Anglo Irish Bank.

Fri, 11 Jul, 2014

Former Anglo Finance Director charged over deposit inflation

The Former Finance Director of Anglo Irish Bank - Willie McAteer - has been charged in connection with an alleged conspiracy to transfer over €7bn in a bid to inflate Anglo's deposits and mislead the bank’s investors.

Tue, 17 Jun, 2014