Ireland

Seven Men Arrested For 216M Money Laundering

Seven individuals have been captured in Northern Ireland as a major aspect of an examination concerning global illegal tax avoidance of criminal resources worth around £215 million (€252m).

The activity has been portrayed by the PSNI as “one of the most critical live examinations concerning illegal tax avoidance in the UK”.

The activity, including officials from the PSNI’s Economic Crime Unit, occurred in the course of recent days and is the biggest illegal tax avoidance search and capture activity did in Northern Ireland.

The PSNI looked through 15 properties altogether, with eight hunts did yesterday in Banbridge and Newry in Co Down, and in Omagh in Co Tyrone.

A further seven inquiries occurred today in Belfast, Banbridge, Newry and Ballymena.

Six men, matured 33, 37, 39, 40, 50, 67, and a 32-year-elderly person were captured during the activity.

Four of the men, matured 33, 37, 39 and 40, have been discharged on police bail.

The 50 and 67-year-elderly people men and the 32-year-elderly person stay in police authority and are being addressed by investigators.

The PSNI liaised with members from the Garda Economic Crime Bureau and the Criminal Assets Bureau during the investigation, just as officials from the UK’s National Crime Agency, United Kingdom Financial Investigation Unit and UK Revenue and Customs.

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