WANTED: €18m Solicitor Thomas Byrne

THE DUBLIN solicitor at the centre of a €9m bank loan probe has been ordered to attend a court hearing next Tuesday.

 

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The High Court took the unprecedented step of ordering that advertisments be placed in newspapers to publicly serve notice on Thomas Byrne  and make sure he turns up for the 11am hearing.

No bench warrent has been issued against the missing Walkinstown-based solicitor and no criminal proceedings are planned at this stage.

But staff working for IIB Bank have so far failed to serve notices on him at both his Walkinstown Road office address and what is believed to be his city centre flat on Lad Lane, off Baggot Street.

 

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Byrne is the subject of an on-going Law Society investigation and there is now a suggestion that the amount of money he owes banks or other financial institutions may be DOUBLE what IIB Bank want to talk to him about.

IIB Bank gave him €9m last month off the back of security in the shape of 20 properties he showed them deeds for, tried to get him to fax them documents on Friday when they became concerned about the nature of mortgages on some of the properties and contacted the Law Society after he failed to do so.

The Law Society ran an audit on his firm and shut it down, slapping notices on his windows saying any clients should find themselves another solicitor.

Byrne has already form for misconduct – having been found guily on eight counts last December.

Solicitor Thomas Byrne

A DUBLIN solicitor found guilty of misconduct last year has had his client files removed and his practice closed.

A High Court judge has also granted an injunction to IIB Bank against Thomas Byrne, of Thomas Byrne & Co on 78 Walkinson Road, from reducing his assets below €9m.

Byrne, of Lad Lane, Baggot Street, Dublin 2, has also been ordered to stop using his bank accounts.

The Law Society has also started action against the 41-year-old, who was found guilty of misconduct ‘in his practice as a solicitor’ on December 7, 2006 by the Solicitors Disciplinary Tribunal on eight counts.

These included the fact that he allowed a €1,696,969 defecit in his client account, failed to maintain proper accounts between dates in 2004 and 2005 and ‘allowed personal transactions of the solicitor himself to be draw down from the client bank account, where no cleared funds were held on his behalf.’

He also failed to ‘ensure that receipts into and payments from the client bank account were supported by third party documentation’.

As a result, he had to pay €15,000 to the Solicitors’ Compensation Fund and pay the Law Society’s costs.

Byrne – a director in Compass Property Developement – is the second Dublin solicitor in as many weeks to have had action taken against him by the Law Society of Ireland. Michael Lynn is currently due before the High Court again in two weeks time. IIB Bank is also taking action against him.