Judgment Day looming for Lynch
He was the driving force behind IAWS and One51, but Philip Lynch's mistake over a piece of land may end up costing him and his family €25 million, writes Richard Curran.
Philip Lynch, the former chief executive of One51, will find out this week whether AIB secures a judgment against him, his wife and children for €25 million. The man who was the driving force behind IAWS for decades, and later investment group One51, will wonder how it all came to this.
No doubt he has gone over in his own mind many times the circumstances surrounding his €25 million loan to buy an 80-acre site...
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