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”

Mr McCole agreed that the bank was told that as of December 2006, a statement of affairs concluded that Michael Lynn (pictured) had a net worth of €9m. Photo: Collins Courts

A jury has heard that former solicitor Michael Lynn applied for a €1.388 million loan with National Irish Bank in 2007 to finance four investment properties in Dublin city.

Mr Lynn (53) is facing 21 charges relating to the alleged theft of around €27 million from seven financial institutions, the trial has heard. He denies all charges against him.