The Criminal Assets Bureau has smashed a multi-billion euro money laundering ring acting as a “bank” for Irish crime gangs.
Gardai confirmed last night 13 sites were searched in two separate raids yesterday resulting in the seizure of funds totaling €1,035,093.
The operation was targeted against a racket using foreign-owned businesses operating here to launder dirty money.
The “service” was washing the proceeds of drug dealing and other crimes for a number of different Irish gangs, sources said.
It’s understood Chinese restaurants were among the fronts.
A major Garda operation yesterday was described as a “significant development” in dismantling the network.
This story is from the July 01, 2020 edition of Irish Daily Mirror.
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This story is from the July 01, 2020 edition of Irish Daily Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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