Lynn given €100,000 bail until 2020 trial
A court has approved an independent surety of €100,000 for former solicitor Michael Lynn to take up bail, ahead of his trial in 2020 on multi-million euro theft charges.
Mr Lynn (49) of Carlton Square, Maynooth, Co Kildare, is accused of stealing almost €30m from seven financial institutions.
His sister-in-law, Lilian Lynn, appeared before Dublin Circuit Criminal Court yesterday, where she asserted the sum of €100,000 would remain frozen in her bank account until after the trial.
Judge Melanie Greally warned Ms Lynn it would be "very much at peril" if her brother-in-law breached any one of his strict bail conditions.
When asked if she was happy to assume that risk, Ms Lynn replied that she was. She also agreed the money must stay untouched until the end of the trial, which is due to start in January 2020 and is expected to last between six to eight weeks.
Prosecuting counsel Cathleen Noctor BL agreed the State was satisfied with the bona fides of Ms Lynn's bank account.
Ms Noctor also confirmed Mr Lynn's passport, along with those of his wife and four children, had already been surrendered to gardaí as a condition of bail.
Karl Monaghan BL, defending, outlined Mr Lynn's other bail conditions which include a daily sign-on at Leixlip garda station. He must also reside at his Maynooth address, abide by a curfew of 9pm to 6am, stay away from Irish ports and airports and remain within the jurisdiction. Mr Lynn is also obliged to carry a mobile phone reachable by gardaí at all times.
The former solicitor was extradited to Ireland in March from Brazil where he had been living for a number of years.
In one of the sample charges before the court, Mr Lynn is accused of stealing €4.1m from Irish Nationwide on April 4, 2007. In another sample count, he is charged with stealing €3.6m from Ulster Bank on October 20, 2006.