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Five men arrested as part of investigation into €1.5m money laundering operation

It came after gardaí identified a number of bogus companies established by a criminal group.

FIVE MEN AGED in their 20s and 30s have been arrested after a number of searches were carried out in Dublin as part of an investigation into money laundering.

Gardaí had identified a number of bogus companies established by a criminal group and a large number of bank accounts set up in false names and those of so-called ‘money mules’.

Investigators established that around €1.5 million was laundered through these bank accounts, and that the money was obtained through cyber fraud, organised prostitution and theft.

Eight searches were carried out in Dublin this morning, when the four men, who are Romanian nationals, were arrested on suspicion of criminal activity, money laundering and obstruction.

Documents pertaining to the bogus companies and bank accounts, IDs, cash and phones were also seized.

After a further search in north Dublin, another man in his mid thirties was arrested. Approximately €30,000 in cash and documentation regarding fraud was seized. 

Two of the men are being detained under Section 50 of the Criminal Justice Act, 2007 at Clontarf and Ballymun Garda Stations.

One man is being detained under Section 4 of the Criminal Justice Act, 1984 at Raheny and another who was was arrested for obstruction and was taken to Swords Garda Station.

The man arrested in the latest search in north Dublin is being helf at Store Street Station, detained under Section 4 of the Criminal Justice Act 1984. 

A garda spokeswoman said that investigations are ongoing.

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    Mute Justice Mickey
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    Jun 3rd 2020, 11:39 AM

    Well done Gárda, we have enough dodgy characters here without importing them.

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    Mute Fionn Darland
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    Jun 3rd 2020, 1:24 PM

    @Justice Mickey: Agree, well done Gardaí. The Guards seem to be catching loads more serious criminals during this ‘lock down’ – every cloud and all that!!

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    Mute Jimmy Brandon
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    Jun 3rd 2020, 1:33 PM

    Send the sc#m back where they came from.

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    Mute Moss Cotter
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    Jun 3rd 2020, 1:13 PM

    Would it be more relevant to refer to them as roma

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    Mute Michael Burke
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    Jun 3rd 2020, 1:36 PM

    @Moss Cotter: Romanian does not equal Roma

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    Mute john doe
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    Jun 3rd 2020, 1:45 PM

    @Moss Cotter: what makes you think they were Roma?

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    Mute johnbrady
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    Jun 3rd 2020, 1:46 PM

    @Michael Burke: I think that’s his point. Your average Romanian thinks of the Romas the same way the Irish do of travellers. We have all seen headlines of “Irish” tarmac men defrauding the elderly abroad. Crime is an epidemic in certain “cultures” . Romas do not represent Romanian despite many of them being Romanian nationals

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    Mute my name
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    Jun 3rd 2020, 1:47 PM

    @Moss Cotter: no is the simple answer there Moss.

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    Mute John Scott1281
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    Jun 3rd 2020, 2:46 PM

    @Moss Cotter: Dont think its Roma more than likely college educated Romanians Roma don’t to school.

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    Mute Jess Kelly
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    Jun 3rd 2020, 1:57 PM

    Maybe we should be told the names of these companies to ensure we don’t do business?

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    Mute Mike O Brien
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    Jun 3rd 2020, 1:30 PM

    This is what the EU want to send around Europe people who are only coming here to scam and screw the taxpayers for whatever they can get.

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    Mute john doe
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    Jun 3rd 2020, 1:46 PM

    @Mike O Brien: why do the EU want to do that?

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    Mute Josh Joyce
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    Jun 3rd 2020, 1:58 PM

    @Mike O Brien: that is indeed the most cunning of plans

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    Mute Mike O Brien
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    Jun 3rd 2020, 9:07 PM

    @john doe: because mainland Europe has been putting up with these people for years so they want all of us to have our share ie Germany and France who run the EU.

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    Mute Mike O Brien
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    Jun 3rd 2020, 9:08 PM

    @Josh Joyce: glad you agree

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    Mute Lapsy Pa
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    Jun 22nd 2020, 12:42 PM

    @Mike O Brien: Its irish laws that are the problem , money laundering is seen as separate to the criminal activity that procured the cash , whereas its not seen that way across most of Europe .

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    Mute Wayne Quinn
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    Jun 3rd 2020, 11:44 AM

    Wonder if this is related to the Helicopter that has been hovering overhead late last night close to the City Centre?

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    Mute Michael Burke
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    Jun 3rd 2020, 11:59 AM

    @Wayne Quinn: yeah they were keeping an eyes on the bank accounts

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    Mute Wayne Quinn
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    Jun 3rd 2020, 11:12 PM

    @Michael Burke:

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    Mute SteveBuzzard
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    Jun 4th 2020, 12:17 PM

    “large number of bank accounts set up in false names”.
    How can it be that easy to set up these accounts? Something very wrong.

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