Wednesday 23 April 2014

State takes control of father-son crime assets

HUNDREDS of thousands of euro held in a father and son's bank accounts which were frozen under proceeds of crime legislation are to go to the State, the High Court has heard.

Myles Connors (73) and Myles Jr (48), both of Belgard Heights, Tallaght, Dublin, held the accounts in Permanent TSB, Old Bawn, Tallaght, which were frozen following an application three years ago by the Criminal Assets Bureau (CAB).

Yesterday, Mr Justice Kevin Feeney made orders unfreezing two accounts Myles Sr held containing more than €171,000.

A sum of €20,000 is to be paid out to Mr Connors towards his late wife's funeral expenses. Another €5,000 is to be used to pay his accountant fees.

Myles Jr held €111,681 in a deposit account in the same branch as of July 2010.

CAB was seeking unfreezing orders to partly discharge a €1.3m tax bill against Myles Jr. Mr Justice Feeney ordered that the money be used towards meeting the tax demand.

Irish Independent

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