Judgment reserved in raid case

He brought the first appeal on the basis of a recent Supreme Court ruling on search warrants issued under anti-terrorist laws.

In April 2009 financier Ted Cunningham (63) of Farran, Co Cork, was jailed for 10 years for laundering more than £3m from the Belfast robbery.

In February the Supreme Court declared that section 29 (1) of the Offences Against the State Act was repugnant to the Constitution, as it permitted a search of a person's home on foot of a warrant not issued by an independent person.

The court made its ruling in the case of Ali Charaf Damache, who was living in Waterford when he was arrested as a suspect in an alleged conspiracy to murder Swedish cartoonist Lars Vilks over his drawing of the prophet Muhammad.

Counsel for the applicant said evidence against Cunningham were "substantially affected" by the Damache decision.

The court will reserve judgment until a later date.