Lawlor sought to profit £2m from the sale of £4m Czech building

FORMER Fianna Fáil TD Liam Lawlor was involved in a property deal in the Czech Republic three years ago in which he attempted to earn a £2m profit on a building worth just £4m.

The Planning Tribunal heard yesterday that a Czech company controlled by Mr Lawlor called Zatecka also attempted to disguise the ultimate profit on the deal of £835,000 as a loan agreement.

The inquiry was told Mr Lawlor tried to persuade leading Irish property developer Sean Mulryan to invest over £8.1m in buying a six-storey office building in a prime location in central Prague in early 2000.