Ex-INBS employee says loan would not have gone to theft accused if lender knew Law Society had no record of firm
Michael Lynn has pleaded not guilty to 21 counts of theft in Dublin between October 23rd, 2006 and April 20th, 2007. Photograph: Collins CourtsA former Bank of Ireland manager has refused to accept a suggestion from counsel for former solicitor Michael Lynn that the institution was “negligent” in its lending.
Mr Madden confirmed to John Berry BL, prosecuting, that he acted as a “mortgage broker” on behalf of the separate legal entity Bank of Ireland Mortgages and prepared the 2006 mortgage application. Under cross-examination from defence counsel Paul Comiskey-O’Keeffe BL, Mr Madden said he was not aware of any information being withheld by the bank from gardaí or any internal investigations or enquiries from the financial regulator in relation to loans to Mr Lynn.
John Morgan, who works in Ulster Bank’s legal division, confirmed that gardaí served District Court orders on the bank in 2009 relating to its dealings with Mr Lynn. He said the documents were compiled from the bank’s records and then given to gardaí.
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