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23/04/2009
Cunningham Now Facing Jail And Huge Tax Demand
The man convicted of laundering some of the proceeds of the £26.5m Northern Bank robbery in Belfast is now facing a court order to pay €880,000 in tax debts.
It follows an investigation by the Criminal Assets Bureau into the financial affairs of the man, Ted Cunningham.
The 60-year-old from Cork was found guilty in March of laundering more than £3m from the robbery in December 2004.
Cunningham and his son, who pleaded guilty to laundering charges, are due to be sentenced on Friday.
Detectives seized more than £2.3m at Cunningham's home at Farran, County Cork, in February 2005.
He told them it came from the sale of a gravel pit in Offaly to Bulgarian businessmen.
The trial heard the prosecution claim that a total of almost £4.9m had passed through his hands.
The majority of the jury at the trial of Ted Cunningham agreed his guilt in March over charges of laundering money from the infamous robbery which forced the bank to redesign and print new notes.
See: Cunningham Guilty Of Northern Cash Scam
(BMcC/JM)
It follows an investigation by the Criminal Assets Bureau into the financial affairs of the man, Ted Cunningham.
The 60-year-old from Cork was found guilty in March of laundering more than £3m from the robbery in December 2004.
Cunningham and his son, who pleaded guilty to laundering charges, are due to be sentenced on Friday.
Detectives seized more than £2.3m at Cunningham's home at Farran, County Cork, in February 2005.
He told them it came from the sale of a gravel pit in Offaly to Bulgarian businessmen.
The trial heard the prosecution claim that a total of almost £4.9m had passed through his hands.
The majority of the jury at the trial of Ted Cunningham agreed his guilt in March over charges of laundering money from the infamous robbery which forced the bank to redesign and print new notes.
See: Cunningham Guilty Of Northern Cash Scam
(BMcC/JM)
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