Suspect Arrested In Louth For Laundering Millions Of Euro

0
541

A suspect has been arrested in Co Louth as part of an investigation into alleged money-laundering of 29 million euro.

It’s believed a crime gang in the border region is transferring large sums of money to bank accounts overseas in a VAT fraud operation.

In September 2016, gardaí started a multi-agency investigation into a multi-million euro VAT carousel fraud. This involves more than one jurisdiction and multiple suppliers.

Funds were identified moving through bank accounts linked to companies in Ireland and the North, under the control of an organised crime gang.

A man and a woman had previously been arrested in May and August.

And yesterday, another suspect was taken to Dundalk Garda Station, but was released without charge.

A file is being prepared for the DPP and investigations are ongoing.