Michael Lynn gets bail despite 'flight risk' warnings
Former solicitor Michael Lynn, who was extradited from Brazil to face multimillion euro theft charges, has been granted bail on strict conditions pending trial in 2020.
Mr Lynn (49), with a last address in St Alban's Park, Sandymount, Dublin, is facing 21 charges at Dublin Circuit Criminal Court relating to the alleged theft of almost €30m from seven financial institutions.
In one of the sample charges before the court, Mr Lynn is accused of stealing €4.1m from Irish Nationwide on April 4, 2007. He is also charged with stealing €3.6m from Ulster Bank on October 20, 2006.
In March, Mr Lynn was extradited to Ireland from Brazil and unsuccessfully sought bail in the District Court. He appealed to the High Court and was again refused bail.
He successfully appealed that decision yesterday and accordingly granted bail by the Court of Appeal on a number of strict conditions.
In refusing bail, the High Court had held that Mr Lynn was a flight risk. But yesterday Mr Justice John Hedigan said Mr Lynn will have been in pre-trial custody for 22 months in Ireland by the time of his trial date in January 2020.
Such a delay was "very disturbing" and had to be taken into account.
Counsel for Mr Lynn, Michael O'Higgins SC, said the flight risk was reduced given the length of time his client had already spent in custody.
Mr O'Higgins said the bulk of any potential sentence, if Mr Lynn is found guilty, would have already been served.
He added that Mr Lynn's wife and children had moved back to Ireland.