On Thursday Lyndon MacCann SC, for IBRC's liquidators, in opening the case, said INBS operated on a speculation that property could only "go up, and up, and up, and up"

The High Court and Court of Appeal had already refused to halt the trial, which is scheduled to run next year.

The trial had been provisionally listed for October but was on Friday pushed back to January

In his closing speech to the jury on Friday, prosecuting counsel told the jury: “He should not be allowed to pull the wool over your eyes.”

Former solicitor Michael Lynn has told his multi-million euro theft trial of “off the book” loan arrangements he had with bankers, including former Irish Nationwide boss Michael Fingleton

Michael Lynn (55) is on trial accused of the theft of around €27 million from seven financial institutions

Former solicitor Michael Lynn was introduced to Bank of Scotland Ireland by Michael Fingleton, the chairman of Irish Nationwide Building Society, his defence counsel has told his multi-million-euro theft trial

Lawyers for Mr Fingleton, acting through his wife and son under their powers of attorney due to his severe ill health, had said many parts of the IBRC’s claim could no longer apply