Showing posts with label Vantea. Show all posts
Showing posts with label Vantea. Show all posts

Monday, June 8, 2009

Michael Lynn Continues to Generate Headlines

He may have fled the country in disgrace two years ago, but Michael Lynn just can't keep himself out of the Irish newspaper headlines. Two stories, one in the Irish Mail on Sunday and the other in the Sunday Times, yesterday, prove that the on-the-run Mayo solicitor is most definitely alive and well.

The Mail on Sunday article, once again written by Michael O'Farrell (who seems to have become Mr. Lynn's tail in Europe) features Lynn directly. Apparently he's being accused of locking clients in his Cabanas development in Tavira on the Portuguese Algarve out of their swimming pool. 

Residents at  the complex have apparently, taken court action to be allowed to use their own pool. A letter was received by owners from Vantea (to whom Lynn transferred ownership of the development but is a company strongly suspected to be owned by him in any case) asking them to pay management fees due. 

Owners at the complex are quoted as saying that; 'TV's and fridges have been removed from a number of apartments and that guaranteed rental payments owed by the management company had not been paid.'

The swimming pool and bar area are now, apparently, locked up and signs have been removed from the entrance to the pool area. 

The piece also says that a group of investors is seeking to seize the land on which phase 2 of the project was to be built and the contractor, Bemposta, is also seeking to freeze the site as it claims it has not been paid for building work completed to date. 

The Mail on Sunday article isn't available online, but we've scanned a copy of it and will upload a link to it here in the next day or two. 

The second story, carried by the Sunday Times, refers to Lynn indirectly, via his former property agency, KenDar. Some of you might remember the company gave away a property in Bankso, Bulgaria on RTE's Late Late Show in association with the Property Expo and the Sunday Business Post. 

Well the winners, David and Olivia Timlin, who are co-incidentally also from Co. Mayo, never received the property (surprise, surprise) and, in the absence of KenDar, have decided to sue RTE for breach of contract. 

According to the piece: "RTE declined to comment on the case 'which is still ongoing'. The couple referred all queries to Manus Sweeney, their solicitor, who also declined to comment.

You can find the full article here. 

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Saturday, May 24, 2008

Lynn Struck Off and Fined €2m

Here's another shocker. The High Court has struck off 'renegade' solicitor Michael Lynn and fined him €2m in absentia. A report in the Belfast Telegraph says: "The President, Mr Justice Richard Johnson, granted the application made by Shane Murphy for the Law Society on the back of recommendations by the Solicitors Disciplinary Tribunal last month."

It continues: "It is estimated that the Mayo native, whose whereabouts are unknown, owes a number of financial institutions more than €80m." Ouch.

I think this is what you officially term "closing the stable door when the horse has bolted." I'm sure Mr. Lynn is quaking in his boots over the most recent ruling on his case.

More likely he is laughing his backside off reading reports like this one on the internet. If you're reading this, hi Mick, how's it going?

The full Belfast Telegraph article can be found here.

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