CAB seize £4m from criminals in drive against cartel
THE Criminal Assets Bureau clobbered suspected criminals for €3.8million last year as it ramped up operations against Kinahan cartel members.
The agency also obtained court orders relating to the seizure or freezing of a further €2.5million in assets in 2016.
The figures are revealed in CAB’S soon-to-be published annual report, however, Charlie Flanagan provided the headline figures in a written Dail reply to Fine Gael’s Bernard Durkan.
The Justice Minister confirmed it returned €3.8million from criminal gains to the Exchequer last year.
A breakdown showed €1.4million was seized as Proceeds of Crime, €2.1million was taken under Revenue legislation and €297,430 under Social Welfare laws.
Since 2012, CAB has returned €25.45million to the State with Revenue legislation the most lucrative legal tool netting €14.54million for the State.
A total of €9.4million has been returned as a result of the Proceeds of Crime Act with €1.499million from Social Welfare provisions. CAB carried out raids at properties linked to the Kinahan gang around Dublin in March where they seized €500,000 worth of jewellery, motorbikes, property and cars. Charlie Flanagan