Friday 23 February 2018

CAB targets gang 'laundering cash by selling horses' in series of Leinster raids

Stock photo
Stock photo

Ken Foy

A series of Criminal Assets Bureau (CAB) raids at a number of locations in Leinster is believed to be linked to money laundering through the sale of "high-end horses".

It is understood associates of a west Dublin criminal gang are behind the suspected scam.

The raids took place yesterday at 12 locations in Dublin, Kildare and Meath and were part of an ongoing investigation into the gang.

Large amounts of financial documentation and electronic media were seized.

Sources close to the operation said that, although it relates to the sale of "high-end animals", it is not linked in any way to the horse racing industry in Ireland.

During the raids, a luxury car and a small quantity of controlled drugs and drugs paraphernalia were also seized.

The searches were carried out at private residences and business premises.

The CAB was supported by the Special Crime Task Force (SCTF), the Garda National Drugs and Organised Crime Bureau (DOCB), the Dublin Regional Armed Response Unit and gardai from Clondalkin and Ronanstown garda districts.

No arrests were made during this phase of the investigation and no other assets were seized.

The latest raid comes after a busy three months for CAB officers.

In February, the Supreme Court ruled that the CAB was entitled to seize three properties linked to criminal John Gilligan, including the Jessbrook equestrian centre in Co Meath.

The 65-year-old has been living on the grounds of the centre in recent months, but the CAB is understood to be preparing to seize it on the back of the court judgment.


Other property owned by his family was also found to be the proceeds of crime.

Separately, it emerged last month that the CAB is seeking a judgment of more than €2m from the alleged leader of one of the country's most prolific burglary gangs.

John Wall (51), of Fortunestown Lane, Tallaght, has been ordered to pay the CAB a total €2,014,864 in a judgment that the bureau obtained against the veteran criminal last month.

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