The police investigation into multi-million euro property dealings involving Irish law firms, which led to the shutdown of two solicitors in the past two weeks, has now widened to include as many as three more firms, according to a report in Thursday's Irish Independent. One prominent solicitor has been admitted to a psychiatric institution and another has reportedly absconded, as banks and private investors try to discover how much they have lost in property funds aimed at private investors. Banks have been giving solicitors millions in loans secured by properties already mortgaged several times and solicitors have been using clients accounts to fund property deals.
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