Beverley Flynn took a High Court libel action against RTÉ after it broadcast a news report, in 1998, claiming she was involved in systematic and organised tax evasion while she worked as an investment adviser for National Irish Bank (NIB).
Flynn lost the case, and her subsequent appeal to the Supreme Court, and was left with a legal bill of 2.2 million. This later increased to €2.8 million with penalties. She settled this bill with RTÉ this week for a sum in the region of €1.2 million.
After she lost the Supreme Court appeal she was expelled from the Fianna Fáil party and has sat on the Independent benches in the Dáil ever since.
In 2004 a High Court inspectors' investigation into NIB found that Flynn and 19 other officials were involved in tax evasion scams or overcharging over a 10-year period. It found that Flynn knew cash put into Clerical Medical Insurance policies was hidden from the Revenue Commissioners.
Beverley Flynn's father, Pádraig Flynn, is expected to be called to the Mahon Tribunal to be questioned about a 50,000 cheque which developer Tom Gilmartin says he gave him when he was minister for the environment in the late 1980s.