Kinahan cartel's €500k 'war chest' to wipe out five rival gang members
A SENIOR member of the Kinahan cartel has a huge 'war chest' to have five senior members of the rival Hutch faction murdered, the Herald can reveal.
Sources said the feared gangster - a close associate of Regency Hotel murder victim David Byrne - has up to €500,000 and is determined to kill several criminals he blames for the Regency attack.
"This extremely volatile criminal has demanded that five members of the Hutch organisation be murdered and he has a huge amount of money to pay for this.
"He is leading the feud now," a source said last night.
The bitter feud has already claimed five lives since the murder of Gary Hutch in September 2015.
Last night, gardai investigating the murder of Noel 'Kingsize' Duggan by the Kinahan cartel arrested a man in his 40s.
He was being questioned at Ashbourne Garda Station in Co Meath. Duggan - a close pal of Gerry 'The Monk' Hutch - was shot dead in Ratoath on March 23.
Meanwhile, the targets of the volatile Kinahan mobster include a north inner city gunman who was photographed at the Regency hotel wearing a dress and a blonde wig and the dissident republican who has been nicknamed Flat Cap.
The gunman, a close associate of slain criminal Gary Hutch, wore heavy make-up and was seen tugging at the wig as he made his escape from the chaotic scene where David Byrne was killed and two of his pals seriously wounded.
The Crumlin-based gangster's other targets include a hitman who previously worked on at least two murders for the cartel but is now suspected of being one of the masked AK-47 gunmen who stormed the Regency last February 5.
Another name on the hit list is jailed killer Derek 'Del Boy' Hutch.
He has been the victim of two vicious attacks in prison - ordered by the Kinahan cartel - since the gun murder of his older brother Gary on the Costa del Sol last September.
That was the shooting that sparked the bitter feud between the two gangs.
The Crumlin gangster who wants Del Boy dead is believed to have put up more than €100,000 for the murder of Hutch mob associate Keith Murtagh (32) on Sheriff Street last Thursday.
But the daylight shooting went horribly wrong and dad-of-three Martin O'Rourke (24), who had no involvement in the feud, was shot dead instead.
It is understood that convicted armed robber Murtagh became a cartel target because he is "very friendly" with some of the criminals suspected of carrying out the Regency attack. The Herald revealed yesterday that Murtagh fled to the UK in the hours after Mr O'Rourke's murder.
Separately, gardai are on alert following the release last week from Mountjoy of Kinahan cartel associate Karl Dempsey.
Crumlin man Dempsey (36) was granted temporary release from a 20-month sentence for his role in a pet shop attack that left a man with a broken nose and a set of keys lodged in his thumb.
Dempsey, who was not due to be released for another three months, was described as being a model inmate.
The convicted heroin dealer is a brother-in-law of gangster 'Fat' Freddie Thomson, being the older brother of Thompson's long-term partner Vicky Dempsey (35).
Karl Dempsey has been a long-term associate of the Kinahan cartel. His most serious conviction came when he was jailed in 1998 for seven years for heroin dealing. In March 2002 he was the subject of a Criminal Assets Bureau order for more than €420,000.
His most recent sentence came after he admitted violent disorder at Purrfect Pets, Longmile Road, on February 5, 2011.
Dublin Circuit Criminal Court heard that the victim, Mark Eagers, beat Dempsey to a parking space outside the pet shop and the two engaged in a scuffle.
Dempsey was joined by several other men and the attack began again inside the pet shop.
CCTV showed Dempsey punching Mr Eagers in the back of the head when he entered the store with his girlfriend.
It also showed the victim being kicked and stamped on the head by Dempsey and the others.
Mr Eagers later said he blacked out during the attack and woke up bleeding, with a broken nose and keys lodged in his thumb.
Vicky Dempsey was present during the violence and received a two-year suspended sentence for her role, which involved dragging a woman backwards by the hair.