Home Accountant The accountant tells Michael Lynn that the jury documents allegedly created by his company were not

The accountant tells Michael Lynn that the jury documents allegedly created by his company were not


An accountant told former lawyer Michael Lynn’s multimillion-dollar theft trial that the documents purporting to be signed by his firm were not his firm’s papers.

r Lynn (53) faces 21 charges related to the alleged theft of around 27 million euros from seven financial institutions, the trial heard. He denies all the charges against him.

The financial institutions concerned are Bank of Ireland Mortgages Bank Ltd, Danske Bank, Irish Life and Permanent, Ulster Bank, ACC Bank PLC, Bank of Scotland Ireland Ltd and Irish Nationwide Building Society.

Mr Lynn of Millbrook Court, Redcross, Co Wicklow, pleaded not guilty to 21 counts of theft in Dublin between October 23, 2006 and April 20, 2007.

According to the prosecution, Mr Lynn obtained several mortgages on the same properties in a situation where the banks were unaware that other institutions were also providing financing.

It is alleged that Mr. Lynn provided a condition report which claimed to be from an accounting firm, but which also did not and did not present a complete picture of his financial situation.

Testifying on Monday, John Kinsella told Patrick McGrath SC, prosecuting, that he was a partner at Kinsella Mitchell & Associates, a company whose main services are account preparation, tax and auditing.

Mr Kinsella said his partner at the firm was a personal friend of Mr Lynn who grew up with him in Co Mayo and they reconnected with him in 2003. He said that firm became an independent auditor for a company owned by Mr. Lynn and became an accountant for his legal practice.

The prosecution attorney produced a document that would be an inventory of Michael Lynn, which appears to have been signed in April 2007 by Kinsella Mitchell & Associates and bearing the firm’s stamp. Mr Kinsella said the stamp and signature on the document were not those of the company.

Mr Kinsella told the court it was not his company’s document. He said there were other details in the document that showed it was not his document and that the last inventory prepared for Mr Lynn was in July 2006.

The lawyer produced another document which is said to be a condition report of Mr. Lynn dated November 2006 with a stamp which purports to be a stamp of Kinsella Mitchell & Associates. Mr. Kinsella said it was not a document produced by his company.

Mr Kinsella went on to say the signature was not theirs and again said the last inventory prepared was in July 2006.

Earlier today, Will Nelson told Mr McGrath he was previously the head of fraud for ACC Bank, a role he started in November 2010.

Mr Nelson said documents filed in court showed that Mr Lynn and his wife Bríd Murphy had applied for a mortgage from ACC Bank in late 2006 to purchase a house known as of Glenlion House in Howth, Co Dublin, with the intention that it be used as their family home.

The witness specifies that this request relates to 70% of the purchase price of the property, ie €3,780,000.

He said this application was eventually approved and the money was withdrawn by Mr Lynn in April 2007. He said all repayments on this loan were made monthly by direct debit until October 2007.

The trial has already heard evidence that Mr Lynn obtained mortgages from the Irish Nationwide Building Society and the Bank of Scotland Ireland in April 2007 for the purchase of Glenlion House.

Mr Nelson told Feargal Kavanagh SC, defending, that ACC Bank no longer exists as a bank, but still exists as a legal entity as a loan servicing company. He said the institution did not employ a fraud officer until he was hired in 2010.

He agreed that documents filed in court showed a relationship manager handling the loan application said the Lynn family were good ‘repayers’ and that Mr Lynn was ‘a wealthy person’. He agreed that Mr. Lynn had a pre-exit relationship with VAC prior to this request.

Mr Nelson agreed with the solicitor that a “credit committee” of three people working for the bank was ultimately responsible for approving the loan in question and that none of these people had made any declaration to gardai.

The trial continues Tuesday, before Judge Martin Nolan and a jury.