Friday 22nd September, 2017
13.5
9 ℃ | 17 ℃Dublin
criminal-assets-bureau-clobbered-suspected-criminals-for-38-million-euros-last-year

DUBLIN, Ireland - The Criminal Assets Bureau has revealed in its soon-to-be published annual report that the bureau has seized 3.8 million euros from suspected criminals in 2016.

The series of operations conducted by CAB against suspected criminals of the Kinahan cartel members has reportedly led to the seizure of 25.45 million euros since 2012, that was returned to the State.

Further, Revenue legislation, the most lucrative legal tool managed to net 14.54 million euros for the State.

The report revealed that the agency has also obtained court orders relating to the seizure or freezing of a further 2.5 million euros in assets in 2016.

The figures were also revealed by Charlie Flanagan, who provided the headline figures in a written Dail reply to Fine Gael’s Bernard Durkan.

The Justice Minister reportedly confirmed that last year, it returned 3.8 million euros from criminal gains to the Exchequer.

Further, a breakdown showed 1.4 million euros was seized as Proceeds of Crime, 2.1 million euros was taken under Revenue legislation and 297,430 euros under Social Welfare laws.

The report claims that a total of 9.4 million euros has been returned as a result of the Proceeds of Crime Act with 1.499 million euros from Social Welfare provisions.

CAB said that it carried out raids at properties linked to the Kinahan gang around Dublin in March, where they seized 500,000 euros worth of jewellery, motorbikes, property and cars.

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