Massive hole in Lynn finances

A financial black hole is emerging in the property dealings of Dublin solicitor Michael Lynn, with banks moving urgently to try to protect their loans. Some fear that the deficit in Lynn’s finances may amount to as much as €50million.

20th October, 2007

A financial black hole is emerging in the property dealings of Dublin solicitor Michael Lynn, with banks moving urgently to try to protect their loans. Some fear that the deficit in Lynn’s finances may amount to as much as €50million.

The controversial solicitor, who founded property group Kendar Holdings, is expected to appear tomorrow at another High Court hearing into his business dealings.

Last week, executives from five major Irish banks held...

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