Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now

The Criminal Assets Bureau returned over €4.3 million to the State last year

Some €2.37 million was returned under proceeds of crime laws.

Diamond Rolex watch CAB seized last year.
Diamond Rolex watch CAB seized last year.
Image: An Garda Síochana

THE CRIMINAL ASSETS Bureau (CAB) returned over €4.3 million to the public coffers last year, according to its annual report due to be released today.

Over €2.37 million was collected under Revenue legislation, an increase on last year’s €2.1 million.

A total of €1.69 million was recovered using laws to seize assets which gardaí believe have been acquired using criminal means. This is an increase on 2016 figures of €1.4 million.

There were 28 new proceeds of crime cases brought before the High Court – the largest number of new cases in a single year.

Other highlights of the report include that €320,000 was recovered in social welfare overpayments.

The value of assets frozen by CAB during the year amount to €7.02 million. Taxes and interest demanded by the organisation were valued at €14 million.

Screenshot 2018-07-03 at 18.57.10 - Edited Vehicles seized by CAB last year. Source: An Garda Síochana

This is the twenty-second annual report of the Bureau since its establishment in 1996.

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

It was set up following the murder of journalist Veronica Guerin and tasked with targeting assets which derive directly or indirectly from criminal conduct.

Last year, CAB won its Supreme Court case to allow it to sell three properties, including Jessbrook Equestrian Centre, which were formerly owned by convicted drug dealer John Gilligan.

An appeal by Gilligan against the seizure of three properties was unanimously struck out, 21 years after the State first took control of some of his assets.

Read next:


This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel