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

Michael Lynn 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. Photo: Collins Courts

A bank made a loss of the total value of a €1.3m loan months after it was issued, the multi-million euro theft trial of former solicitor Michael Lynn has heard.

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.