CHARGES being brought against former solicitor Michael Lynn carry a maximum prison term of up to 10 years on conviction, the Irish Independent has learned.
Details of the exact charges awaiting Lynn if he is extradited from Brazil to Ireland have finally emerged. Each of the offences, in the event of conviction, carries a fine and/or a maximum prison term of a decade.
The Mayo-born former solicitor, who left Ireland in 2007, is wanted in connection with a suspected €80m mortgage fraud.
The case being made by the Director of Public Prosecutions is that Lynn stole funds from several banks and forged documents, which he used as part of the scheme.
Until now it had been unclear what exact charges Lynn was facing. But the Irish Independent has confirmed that some 33 warrants were issued for his arrest at Dublin District Court.
* 21 warrants are for theft offences, contrary to Section 4 of the Criminal Justice (Theft and Fraud Offences) Act 2001;
* Six warrants relate to forgery offences, contrary to section 25 of the same Act;
* A further six warrants relate to the offence of using a false instrument, contrary to section 26 of the Act.
The identities of the banks allegedly stolen from have also been confirmed. They are Bank of Ireland (Mortgages); Danske Bank (National Irish Bank); Irish Life and Permanent; Ulster Bank; Bank of Scotland (Ireland); Irish Nationwide Building Society and ACC Bank.
The case against Lynn would proceed at the Dublin Circuit Criminal Court, should he be extradited.
Lynn, who had a solicitor's practice on Capel Street in Dublin, was heavily involved in property development in Portugal and Bulgaria.
He left Ireland in 2007 while facing High Court proceedings over his property dealings.
The court heard that undertakings he gave to banks to provide security for loans had not been honoured in many cases.
A number of properties held in his name have since been repossessed and sold in his absence.
After leaving Ireland, he moved between several European countries and the US, before settling in Brazil.
Two years ago, Lynn and his wife Brid Murphy were granted permanent residency there following the birth of their son.
Lynn is currently seeking to be allowed out on bail.
A court is expected to decide in the next fortnight on the bail application and a decision on the extradition request may take up to three months.
A lawyer for Lynn has previously stated the birth of his son in Brazil is set to be a significant argument against the extradition proceeding. Lynn's wife is expecting a second child.