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17/10/2008
€630 Confiscated From Thomas Murphy
Thomas 'Slab' Murphy along with his two brothers have agreed to hand over €630,000 worth of assets, which have been deemed the proceeds of crime.
The High Court this morning heard that the 59-year-old from Ballybinaby in Hackballscross and his brothers Francis and Patrick had agreed not to fight to seizure by the Criminal Assets Bureau (CAB).
The High Court gave the CAB the orders to hand the money over to the Exchequer,
Mr Justice Frank Clarke said he was satisfied the money was the proceeds of crime and the total, made up of €435,000 and stg£150,000, will be handed over to the Exchequer.
Thomas Murphy is still before the courts facing tax offence charges.
His brothers, Patrick and Frank, are also believed to have reached tax settlements with the Criminal Assets Bureau for a figure understood to be over €1m.
The assets where initially seized in March 2006 when CAB, local gardaí, customs officers and detectives from the fraud bureau and the National Bureau of Criminal Investigation raided his home and business premises at Ballybinaby, Hackballscross in Co Louth.
(DW)
The High Court this morning heard that the 59-year-old from Ballybinaby in Hackballscross and his brothers Francis and Patrick had agreed not to fight to seizure by the Criminal Assets Bureau (CAB).
The High Court gave the CAB the orders to hand the money over to the Exchequer,
Mr Justice Frank Clarke said he was satisfied the money was the proceeds of crime and the total, made up of €435,000 and stg£150,000, will be handed over to the Exchequer.
Thomas Murphy is still before the courts facing tax offence charges.
His brothers, Patrick and Frank, are also believed to have reached tax settlements with the Criminal Assets Bureau for a figure understood to be over €1m.
The assets where initially seized in March 2006 when CAB, local gardaí, customs officers and detectives from the fraud bureau and the National Bureau of Criminal Investigation raided his home and business premises at Ballybinaby, Hackballscross in Co Louth.
(DW)
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