20/01/2010

Properties Seized From Criminals

The High Court has appointed the Criminal Assets Bureau (CAB) as receiver over two properties belonging to a Dundalk man after they were found to have been acquired through the proceeds of crime.

Mr Justice Kevin Feeney also ordered that Mr Cassidy take control of €70,000 in cash that had been obtained from the sale of a third property owned by Barry O'Brien and his wife, Majella, of 'Oaktate', Stonetown, Carrickmacross Road, Dundalk, Co Louth.

The judge last week ruled that two other properties -- the family home 'Oaktate' and a house at Greaghlone, Carrickmacross Road -- were the proceeds of crime and the matter was adjourned until yesterday.

The CAB was established by Government in August 1996. It is a statutory body, with staff drawn from the Gardaí, the Revenue Commissioners and the Department of Social and Family Affairs. The Chief State Solicitor provides the necessary legal support services to the bureau.

The court heard that O'Brien made a number of applications to obtain mortgages using false information.

Last year, the High Court heard Barry O'Brien had previous convictions dating to 1999.

He is also wanted in Northern Ireland after he fled there after being charged with smuggling cigarettes.

(DW/GK)


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