Daniel Kinahan property declared proceeds of crime, receiver appointed

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

The High Court appointed a receiver on 15 November 2022 to sell a Saggart house controlled by Daniel Kinahan and found to be proceeds of drug trafficking.

The five-bedroom property at Coldwater Lakes was valued at up to €800,000. The receiver was to take possession and begin the sale process the following Thursday week.

The court also ordered control of €3,850 found in the property. The sale proceeds were to be held in an account controlled by the receiver, with forfeiture to the State possible after seven years.

The receiver was CAB legal officer Kevin McMeel. The order was stayed until 10am on 24 November 2022 to allow preparations for the sale.