Mayo-born former solicitor Michael Lynn has won his appeal over a High Court decision not to allow him out on bail while he awaits trial.
The 49-year-old Crossmolina native, with an address at St. Alban's Park in Sandymount, Dublin was extradited from Brazil three months ago to face 21 theft charges amounting to € 30m which he's accused of stealing from seven financial institutions between Oct 2006 and June 2007.
Bail was initially refused and Michael Lynn failed to convince the High Court to overturn that decision, so he took his case to the Court of Appeal today, where the three judges agreed he should be granted bail - given the fact his trial isn't due to start until Jan 2020, by which time he will have spent six and a half years in prison.
They also felt the risk of him fleeing again had diminished, given the change in his situation.
Bail was approved subject to certain stringent conditions .