Michael Lynn is on trial for an alleged mortgage fraud of 27 million euros
A man stole around 27 million euros from seven financial institutions, a jury at Dublin Circuit Criminal Court has heard.
Patrick McGrath SC, for the DPP, said the prosecution would argue that Michael Lynn applied for multiple mortgages on the same properties, defrauding the various institutions of sums of money individually set out in various counts.
The lenders are: ACC Bank; Mortgage Bank of Ireland; Bank of Ulster; Bank of Scotland; Danske Bank, trading as National Irish Bank; Irish Life & Permanent, trading as PTSB; and Anglo Irish Bank.
When arraigned on Monday, Mr Lynn (53), Millbrook Court, Redcross, Co Wicklow, pleaded not guilty to a sample of charges.
Eleven members of a 15-member jury were sworn in Monday to hear the trial before Judge Martin Nolan, who is scheduled for 14 weeks. Judge Nolan said the remaining four jurors would be called on Tuesday.
Mr McGrath told the jury there were 70 witnesses in the evidence book and he listed their names, saying jurors should not sit if they were connected to any of the institutions or the witnesses.
Judge Nolan told jurors they were not to view smartphones or other devices and should only listen to evidence when the trial opened.
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