Courts / Dublin / Report

Jail for businessman who moved €408k for organised crime gang

Summary

Ion Nostas, 42, pleaded guilty to money‑laundering for moving €408,820 in cash for an organised crime group. He was arrested after Gardaí observed him and two others transporting large bags of cash between a BMW and a Toyota in Rosemount Business Park, where the money was recovered. Nostas claimed he was paid €1,000 for the job, kept €800, paid €200 to a co‑accused, and had no role beyond moving the cash. He admitted the mistake and apologized. The Dublin Circuit Criminal Court, hearing the case on 25 October 2022, imposed a four‑year prison sentence, back‑dated to 13 January 2022, after considering mitigating factors such as his lack of prior convictions and cooperation with Gardaí. The sentence reflects the seriousness of assisting in the relocation of criminal proceeds.

Who, what, where, when and why

What: Report matter: Jail for businessman who moved €408k for organised crime gang. Charges or matters: money-laundering. Procedural stage: charge_or_pretrial

When:

• November 22, 2021 Hearing Or Sentence
• January 2022 Hearing Or Sentence
• January 13, 2022 Other
• 2022-10-25 Publication

Why: The investigating detective agreed with Brian Gageby BL, defending, that Nostas had explained that his role was limited to moving cash. Defence account reported by CNI

Case subjects

Places mentioned

Topics

Stage Charge Or Pretrial

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Read the original CNI report