| 15.9°C Dublin

Close

Premium

Businessman busted with €300,000 in raid targeting 'Penguin' mob

Close

Out of pocket: Bundles of cash seized by detectives investigating money-laundering schemes set up for gangster George ‘The Penguin’ Mitchell

Out of pocket: Bundles of cash seized by detectives investigating money-laundering schemes set up for gangster George ‘The Penguin’ Mitchell

Out of pocket: Bundles of cash seized by detectives investigating money-laundering schemes set up for gangster George ‘The Penguin’ Mitchell

An under-the-radar businessman has been busted by detectives investigating the drugs- trafficking network of crimelord George 'The Penguin' Mitchell.

The 53-year-old remained in Garda custody last night after officers seized €300,000 in cash in his posh home in the Whitehall area of the capital's northside on Tuesday night.

"This man is not well known to gardaí but is suspected of being involved for years in the Penguin's money-laundering schemes - moving tens of millions of euro on that organisation's behalf," a senior source said.