Serious questions for banks on Lynn affair

The scale of the financial hole created by the activities of solicitor Michael Lynn are likely to take months to establish.

20th October, 2007

The scale of the financial hole created by the activities of solicitor Michael Lynn are likely to take months to establish.

We must await the outcome of the court process and the investigations now under way. However, a number of bank lenders are now realising that they had no security on substantial loans, while investors who paid Lynn’s property company money as deposits on overseas property will also be concerned. The mess will take months...

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