independent

Monday 21 April 2014

Man released following €1.25m field stash seizure

A 53-year-old man arrested in connection with a haul of €1.25m in cash found buried in a field in Limerick has been released without charge.

The convicted drug dealer was caught digging up more than €1m in a field on Saturday.

The 53-year-old was arrested by gardai over the weekend as he attempted to dry and count the wads of notes, which were buried in Limerick.

Officers swooped on the man after he used a digger to retrieve the hidden cash from a field in Portcrusha, Castleconnell, Co Limerick.

The cash -- €1.25m -- was buried more than six feet underground and he was arrested in a nearby cabin as he counted the cash.

There was equipment for cleaning and packing the cash in the cabin and when officers swooped on Saturday the man was attempting to count and dry the stash.

He was last night being questioned by officers at Henry Street garda station in Limerick city. Another man was also arrested near the field, has also been released without charge.

The two arrests came after a major surveillance operation was launched on the drug dealer several weeks ago.

Officers attached to Limerick city's drugs unit have been closely monitoring the drug dealer's activities.

The €1.25m had been buried so far under ground that the man had to use a mechanically operated digger to retrieve it.

It is not known how long the cash had been there and gardai are examining serial numbers in a bid to establish when the loot was buried.

"Only he would have known where it was buried. It was very carefully concealed. You would have to know where it was. That was the most valuable field in the country for a long time," an informed source said.

The cash was wrapped in plastic bags and some of it is believed to have been vacuum packed.

It was very wet when it was recovered and the criminal was attempting to dry, clean, count and repackage the cash in the cabin when gardai moved in on him.

The €1.25m is believed to have been made up of various denominations. It took investigating gardai two days to count the notes.

The area where it had been buried is located close to the Shannon River and the Limerick/Clare county boundary.

The criminal was previously sentenced to six years in prison after he was caught with 14 kilos of cannabis in Limerick city in 2000.

He is originally from the northside of the city but had been keeping a low profile since he was released from prison several years ago.

Barry Duggan

Irish Independent

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