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Businessman charged over alleged €9 million diesel laundering operation

2014-01-07 · Castleblayney, Monaghan · District Courts

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A 34-year-old businessman from Armagh has been charged in connection with an alleged diesel laundering operation worth approximately €9 million annually. The man, a company director with an address in Crossmaglen, was arrested by appointment in Dublin and charged under the Finance Act in relation to an alleged incident at Castleblayney, County Monaghan, in September 2011. Gardaí alleged he was found red-handed at a yard during surveillance, with large quantities of green diesel and laundering equipment present. The operation was said to be capable of processing 18 million litres of diesel per annum, resulting in substantial revenue loss. The Director of Public Prosecutions has directed trial on indictment, meaning the case will proceed to Circuit Court level. Dublin District Court set bail with strict conditions, including a €7,500 personal bond, a €15,000 independent surety, and passport surrender. He was remanded in custody pending a further hearing at Cloverhill District Court on 14 January.

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