Friday 21 October 2016

Kinahan cartel stockpiles stolen cars as underworld 'market' booms

Ken Foy

Published 13/02/2016 | 02:30

Photo: Getty
Photo: Getty

The Christy Kinahan cartel have organised at least five stolen cars for use at their next attempt to kill associates of Gary Hutch.

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It emerged that the cartel's desperation for more stolen vehicles has led to an increase in the asking price in the underworld 'market'.

The cars are understood to be at an "offside" location and ready to be used at a minute's notice, according to a source.

Stolen vehicles were previously sold for around €750 but this week criminals are demanding €1,500 per car - such has been the demand given the events of the past week.

"It's about that good old economic theory of supply and demand.

"If something is in demand, it will attract high prices," said a source last night.

"A stolen, high-powered car is a commodity, it's as simple at that," the senior source added.

Gardaí were last night investigating reports that a Crumlin thug has been acting as a middleman in the now booming stolen car trade.

Many of the stolen cars have been taken by criminals fishing keys out of letter boxes, particularly in south Dublin.

Irish Independent

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