Sunday 18 February 2018

Gardai seize €250k from Irish crime gang's 'banker'

Detectives seize cash haul at bag man's house

Gardai are investigating the incident
Gardai are investigating the incident

Ken Foy

One of Ireland's biggest crime gangs was dealt a hammer blow after gardai seized over €250,000 from a criminal described as the mob's ‘banker’.

The top secret raid was carried out by detectives and customs officers at a house in the Riverside estate in Coolock.

The operation hit the drugs gang which was once controlled by slain crimelord Eamon ‘The Don' Dunne.

The haul from the house on Thursday morning included euro and foreign currency.

All the cash was found in a house occupied by the 30-year-old ‘bag man’ who sources believe may now be “under serious pressure” after the cash was seized.

A senior source told the Herald: “This is serious, serious money – €250,000 means millions of euro worth of drugs on the street. The fella in charge of that cash will be under serious pressure now. A cash seizure like this has the capacity to completely undermine that gang's activities.”

The suspect is very friendly with two men who were considered Eamon Dunne's closest pals before his murder almost four years ago.


No arrests were made in the operation which came after a lengthy surveillance operation by Coolock gardai into the activities of the dangerous north Dublin crime gang.

Gang boss Dunne was shot dead in a packed pub in Cabra on Dublin's northside in April 2010.

Dunne was sitting next to his then 17-year-old daughter in the Fassaugh House pub on April 23, 2010 when two gunmen entered and fired up to 12 shots.

Since his high profile murder, the mob – of which he was the senior figure – has re-grouped and are still heavily involved in drug dealing and a huge |variety of other crimes including at least two murders.

Sources believe the €250,000 cash seizure will cause “huge tension” in what is one of Ireland's most notorious gangs.

The suspect whose home was raided has barely any criminal convictions but was previously cleared of charges of running a highly sophisticated counterfeit DVD and CD operation.

He was based in Tallaght at that time but has mostly been living in the capital's northside in recent times.

It is understood that the criminal has since become the gang's ‘banker’ but he was under surveillance by specialists for a number of weeks before Thursday's raid. “They obviously trusted him completely – but with that cash gone, you have to wonder whether they have the capacity to bring in large shipments of drugs,” a senior source said.


“This is a pretty major development in terms of organised crime in the capital.”

The Herald can reveal that the suspect who had the cash seized from his home is “on very friendly terms” with two criminals who were pall-bearers at the funeral of Eamon Dunne.

These men are Brian O' Reilly (45) and Derek McLoughlin (49), both from Ballymun – and survivors of gun attacks which happened in August 2010 and last May, respectively.

O'Reilly, who lives in Bettystown, survived after being shot twice in McDonough's pub in the Co Meath town on August 7, 2010, by a Real IRA hit-team.

He was previously given a suspended sentence in 2000 for violent disorder in a feud-related incident at a Finglas pub.

Burly thug McLoughlin escaped injury on May 14 last year when his would-be killer's gun jammed, after a handgun was pointed at him while he sat behind the wheel of his car outside a shopping centre in Swords in north Co Dublin.

Former soldier McLoughlin who lives in Balbriggan is serving a four-year suspended sentence after he avoided jail for attacking a man and headbutting a garda at Ballymun Tower Centre on July 16, 2010.

(The Herald)

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