Lynn gets bail after sister-in-law puts up surety of €100k
A court has approved an independent surety of €100,000 in order 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 Carton Square, Maynooth, Co Kildare, is accused of stealing nearly €30m from seven financial institutions.
His sister-in-law, Lilian Lynn, appeared before Dublin Circuit Criminal Court yesterday, where she asserted that the sum of €100,000 would remain frozen in her bank account until after the trial.
Judge Melanie Greally warned Ms Lynn that the sum of €100,000 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 that the money must stay untouched until the end of the trial, which is due to start in January 2020 and is expected to last from six to eight weeks.
Prosecuting counsel Cathleen Noctor agreed that the State was satisfied with the bona fides of Ms Lynn's bank account.
Ms Noctor also confirmed that Mr Lynn's passport, along with those of his wife and four children, had already been surrendered to gardai.
Karl Monahan, 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, stay away from Irish ports and airports and remain within the jurisdiction.
He is also obliged to carry a mobile phone that is reachable by gardai at all times.
Mr Lynn was extradited in March to Ireland from Brazil, where he had been living. He was taken into custody in Brazil in August 2013.
In one of the sample charges, he is accused of stealing €4.1m from Irish Nationwide on April 4, 2007.
A trial date was confirmed for January 13, 2020. A pre-trial date was previously set for November 28, 2019.