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CAB forwarded €6.5 million to the Exchequer in 2011

The report has been welcomed by the Garda Commissioner.

Image: Niall Carson/PA Wire/Press Association Images

INVESTIGATIONS BY THE Criminal Assets Bureau led to an extra €6.5 million in the Exchequer’s pockets in 2011.

The agency’s 16th annual report was published today, highlighting its continuing efforts to recoup monies for the taxpayer.

“These investigations are targeted and intelligence led, and utilise a multi-agency approach,” Commissioner Martin Callinan said, while welcoming the report. “CAB, along with all other units within An Garda Síochána, will continue to liaise with their international partners and develop relationships with same.”

He continued: “The important and pioneering work carried out by CAB continues to lead the way in the dismantling of criminal networks, and the recouping of money for the Central Exchequer.”

On publishing the document, Justice Minister Alan Shatter said he continues to be determined that “everything possible is done to ensure that assets derived from criminal conduct are targeted and lawfully confiscated by the State”.

During 2011, the Bureau returned €2.7 million arising from the proceeds of crime actions returned to the Exchequer. Taxes and interest collected was about €3.8 million.

Social welfare savings amounted to €616,500 with more than €454,000 recovered.

During 2011, the Bureau obtained interim orders under Proceeds of Crime legislation of over €5.3 million and interlocutory orders (final restraint orders) to the value of €7.1 million.

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