The website of Kendar Holdings, the investment company owned by solicitor Michael Lynn, has been suspended, the Irish Independent reported on October 22 2007.

Lynn, who has over 105 properties in Slovakia, Bulgaria, China, Spain, England, Dubai and Ireland, was alleged to have taken out multiple mortgages on several properties with major Irish banks, with alleged loan liabilities of more than 26 million euro.

Over the past week investors were reassured through the webpage www.kendarholdings.com that the company was "working closely" with overseas companies to provide assurances to all clients that their investments were secure.

Visitors to the site are now greeted with the message "This account has been suspended. Either the domain has been overused, or the reseller ran out of resources."

The website was suspended on October 21 after a week in which several banks moved to protect their loans and recover some 26.3 million euro owed to them by Lynn.

The court case against Lynn would continue on October 22, the Independent reported.