Sunday 17 December 2017

Man with 'history' of crime loses properties to CAB

Tim Healy

THE Criminal Assets Bureau (CAB) has secured freezing orders over three properties owned by a man it says has "a prolonged and deep history" with criminality.

Des Russell (44) had opposed the application by CAB and denied the properties were acquired with the proceeds of crime. He claimed they were acquired as a result of various enterprises including cleaning windows, selling furniture, a taxi business and car sales.

But Mr Justice George Birmingham said he was satisfied to grant CAB orders in relation to the properties after finding the assets were the proceeds of crime.

In his ruling, the judge said Mr Russell had access to "very significant amounts of funds" which were "quite in excess of any funds generated by legitimate activities he was involved in".

FEUDS

The properties are Russell's four-bedroomed home at Riverside Park, Clonshaugh, Dublin; an apartment at Lymewood Mews, Northwood, Santry, Dublin; as well as an apartment in southern Spain.

Mr Russell was not present in the High Court yesterday and was not legally represented during the hearing.

The judge said the house in Clonshaugh was acquired in 1995 for IR£53,000. The apartments in Spain and Santry were acquired approximately a decade later for €400,000 in total. Mortgages were obtained on all the properties.

The judge, noting evidence from CAB Detective Chief Superintendent Eugene Corcoran, said Mr Russell had a deep and prolonged history with criminal activity.

He had 12 previous convictions and was also involved in two gangland feuds, one in the inner city and one in the Coolock area, the judge said.

The judge said any arguments made by Mr Russell were diminished by his failure to attend court.

Irish Independent

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