The Supreme Court has described as “understated” a finding that businessman Philip Lynch gave “hopelessly confused and unreliable” evidence concerning the circumstances leading to a €25m loan being issued to buy development lands in Waterford.

A WOMAN who claims one of her sons was shot by his girlfriend’s father, agreed in court that her three sons had a history of criminal violence.

EVIDENCE has concluded in the long-running action by businessman Philip Lynch and his family aimed at preventing Allied Irish Banks pursuing them for repayment of a €25 million loan issued to them and developer Gerry Conlan to buy development lands in Waterford.

A FORMER senior AIB banker said he is “sceptical” how anyone could have concluded the final terms of an AIB €25 million loan to businessman Philip Lynch, his family and developer Gerry Conlan to buy development lands did not involve full recourse to all borrowers.