THE Criminal Assets Bureau (CAB) is investigating the financial affairs of Kevin McGeever, the former property tycoon who allegedly faked his kidnapping to evade out-of-pocket investors.
The agency has been making inquiries about the location of his luxury car, a Porsche Cayenne, and the ownership of other assets, including his mansion in Craughwell, Co Galway.
The involvement of the bureau represents more unwelcome scrutiny for the former tycoon, who unwittingly became a media sensation after he was found wandering a Leitrim road in January, confused and disoriented, with an unkempt beard and long fingernails.
Mr McGeever claimed he had been kidnapped and held captive for eight months. He later admitted concocting the story after he was arrested earlier this month.
A garda source said the CAB investigation is a "tidying up" exercise, aimed at establishing whether Mr McGeever has any outstanding tax issues.
Mr McGeever's property business, KMM, was not registered in Ireland.
It was recently reported that his property is registered in the name of a company that has since been dissolved.
Mr McGeever had arranged for his Porsche to be put into storage with a friend before he vanished, which was one reason why detectives were sceptical about his story; while a witness claimed to have seen Mr McGeever at his apartment in Clontarf when he was officially "missing".
A file will be sent to the Director of Public Prosecutions, who will consider whether he should be prosecuted for wasting police time.
The CAB was also called in, partly because of the international interest in his activities.
Mr McGeever is wanted by the United Arab Emirates (UAE) in connection with a property transaction in Dubai.
He was arrested in Germany for extradition to the UAE on foot of a warrant issued through the international police agency, Interpol, in 2011.
He was subsequently released but the Interpol alert remains in force.
Back in Ireland, Mr McGeever is believed to owe substantial sums of money to dozens who invested money in apartments he was selling in Dubai.
Garda sources said that Mr McGeever told them that he stayed in a remote house in the west of Ireland for eight months and that he paid some people to bring him food and water.
While there, he arranged for a businessman to whom he owed money to be bundled into a van and brought to see him in his supposed place of captivity, allegedly so the word of his "kidnapping" would get out to other investors.