In a surprising turn of events, members of a bank’s legal department were present at the multi-million theft trial of former solicitor Michael Lynn to offer “moral support” to the bank’s workers who were giving evidence. While the purpose of their presence in court remains unclear, it is speculated that their intention was to demonstrate solidarity and provide strength to their colleagues.
Ciaran Farrell, a former branch manager with the bank, confirmed the presence of the legal department members during his testimony. He mentioned that they were also present for the evidence of his colleague John O’Brien. When questioned about the reason behind their attendance, Farrell stated that he presumed it was purely for support. He further explained that they did not discuss the evidence but rather engaged in casual conversations.
Lynn, who is on trial for the alleged theft of approximately €27 million from seven financial institutions, including the bank involved, has pleaded not guilty to the charges. The prosecution argues that Lynn obtained multiple mortgages on the same properties without the banks’ knowledge of other institutions providing financing.
During his testimony, Farrell refuted Lynn’s allegations against him. Lynn claimed that Farrell was involved in receiving money from him in exchange for facilitating loans, but Farrell firmly denied this, stating that the loans were strictly intended for the properties. He emphasized that he had no knowledge of any secret deals or hidden motives.
Additionally, Farrell revealed that he initially refused a loan application from Lynn due to an outstanding debt of €1.1 million. However, after Lynn assured him that it was a clerical error, Farrell allowed him to clear the debt and subsequently approved further loans.
Overall, the presence of the bank’s legal department in court provides a unique perspective on the trial. Their support for fellow employees adds an element of unity within the bank’s workforce, mirroring their commitment to upholding the integrity of the institution.
Q: Why did members of the bank’s legal department attend the trial?
A: The purpose of their attendance was to offer moral support to their colleagues giving evidence.
Q: What were the allegations made against Ciaran Farrell?
A: Michael Lynn accused Farrell of being involved in secret deals and receiving money from him in exchange for facilitating loans.
Q: How did Ciaran Farrell respond to the allegations?
A: Farrell denied the allegations, stating that the loans were solely for the properties and that he had no knowledge of secret deals.
Q: What is the prosecution’s case against Michael Lynn?
A: The prosecution alleges that Lynn obtained multiple mortgages on the same properties without the banks’ knowledge of other institutions providing financing.