Mob raided by CAB has a share in champion racehorse
A leading member of a criminal gang raided by the Criminal Assets Bureau part owns a racehorse that recently won a prestigious Grade One race.
Officers from CAB are probing a mob that is suspected of laundering its profits from drug trafficking and armed robberies by buying well-bred racehorses.
One of the horses involved recently won a major prize in a Grade One national hunt race.
The horse was purchased for a six-figure sum as a yearling, but after a quiet start to its career was sold last summer to its current owners for a fraction of the original cost.
The criminal gang is based in Dublin and has previously been linked to the Hutch faction involved in Dublin's gangland feud with the Kinahan cartel, which has claimed 12 lives.
Members of the bureau believe that some of those involved in the purchase, training and ownership of the horse were not aware of the alleged money laundering operation and had innocently taken part in the enterprise.