Solicitor Michael Lynn, who is being pursued by several financial institutions for multi-million euro sums, has assets with an estimated value of more than €52 million, it emerged at the High Court today.
Mr Lynn has listed in court documents some 154 bank accounts here and abroad involving him or his firms and has also listed some 148 properties or sites in Ireland, various European countries and the US.
Mr Lynn's assets are estimated at about €52.4 million, including some €25.5 million in Irish properties, some €5 million in overseas properties and some €18 million in his Kendar Global companies, according to documents produced by him to the Law Society.
The assets estimate is based on information received from various financial institutions.
Proceedings by the Law Society against Mr Lynn were adjourned for a week today while the Society continues its investigation into his dealings.
Mr Lynn is alleged to have taken out multiple mortgages on a large number of properties and estimated liabilities or more than €70 million.
Separate proceedings by various banks against Mr Lynn came before the Commercial Court today. These included proceedings in which Mr Lynn and his wife Ms Brid Murphy are being pursued for judgment over mortgages at a number of banks over Glenlion House, Thormanby Road, Howth, which the couple purchased earlier this year as a family home.
The property is now for sale.