A FATHER-of-one has been charged in connection with the seizure of €80,000 in counterfeit banknotes and equipment following a garda raid on an alleged "sophisticated" forgery operation.
Richard Molloy (42) was refused bail after he was arrested and charged with delivering counterfeit cash to a man at a north Dublin pub.
Judge Patricia McNamara remanded him in custody for a week at Dublin District Court after hearing further charges were being considered by the prosecution.
The accused, of no fixed address, is charged with delivering 400 counterfeit €50 notes to a man at Clarke's Pub, Monk Place, Phibsboro on February 2 last.
The court heard Mr Molloy had been detained for 48 hours by gardai before his appearance.
Det Gda Ciaran Regan said he arrested the defendant at the Bridewell Garda Station and he made no reply to the charge after caution at 2.24pm today.
Objecting to bail, he alleged the accused had been caught "red-handed" with €20,000 worth of €50 notes and he believed the weight of the evidence was "great".
There were also searches ongoing in relation to the accused's workplace where in excess of a further €60,000 in forged banknotes had been recovered, he alleged.
Gardai would maintain they had also found inks and items for placing holograms on forged banknotes.
It was alleged a large quantity of unfinished notes, computers, printing equipment and counterfeit documents including marriage certificates and driving licences.
The garda said the accused was allegedly "skilled at making forged documentation".
Det Gda Regan was concerned about the accused address, saying he had provided no fixed address when he was initially arrested, then said he was residing at Rosemount Road, Dublin 7.
Mr Molloy had lived in England between 2006 and 2011.
"I am concerned that Mr Molloy would be a flight risk", he said.
Defence Solicitor Chris Horrigan said the accused enjoyed a presumption of innocence. He had never been in court before and had ties to this jurisdiction, including a daughter living in Dublin and his parents, who live in Kildare.
He was currently living in rented accommdation.
In evidence, Mr Molloy said he would agree to bail conditions, including consenting to the gardai continuing to hold his passport. He would undertake not to apply for other travel documents.
Judge McNamara said she did deem the accused to be a flight risk. She took into account the seriouness of the charge and the strength of the proposed evidence.
The judge remanded the defendant in custody to appear in Cloverhill District Court on February 11. The issue of granting free legal aid was deferred.