High Court rules Reed watches and cash are crime proceeds

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

The High Court ruled that assets seized from Jason Reed, Thomas Rooney and Catherine Dawson were proceeds of crime, reported on 17 November 2022. The ruling concerned a money laundering investigation and included 14 luxury watches valued at €152,000.

The court was satisfied that the watches, €22,000 in cash and a mobile home in Co Wexford were proceeds of crime. It appointed a receiver over the non-cash assets, which were to be sold.

The assets were seized by the Criminal Assets Bureau in follow-up operations. The reports do not give the date of the High Court hearing.