Monies seized by CAB from firms linked to associates of Republican Thomas 'Slab' Murphy following an investigation into "an elaborate fuel-laundering scheme" are the proceeds of crime, the High Court has ruled. The CAB investigation was linked to their, and other firms' transactions with a firm called Base Garage Supplies Ltd. The Judge said she was satisfied the firms were, along with several others, part of an "overall elaborate fuel laundering scheme" which generated monies that were the proceeds of crime or criminal activity. There were a number of common threads linking the companies to the fuel laundering. The Judge said fuel laundering was a covert operation behind the curtain of legitimate trade, where number bank accounts are opened in the names of different oil-related businesses.

Source: Irish Examiner April 16, 2018 16:52 UTC