We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

tree image via Shutterstock
bad investment

Two men arrested over €5 million land and forestry fraud

Gardaí said a significant amount of money held in Irish banks has been frozen.

Updated 8am

TWO MEN HAVE been arrested over investment fraud offences and money laundering offences involving up to €5 million.

The alleged fraud relates to an investment scheme in which the same plot of land was sold to multiple people and false documents were provided to investors. Sources say investors outside Ireland handed over tens of thousands of euro for the plots.

Both men, who are in their 40s, were arrested yesterday in Dublin and Wicklow and are currently detained at Dun Laoghaire and Bray garda stations. The man held in Bray is due to appear before Dun Laoghaire District court this morning charged in connection with the investigation.

As part of this investigation the Garda National Economic Crime Bureau has frozen a significant amount of money held in Irish banks.

Gardaí say investigations are continuing.

Comments have been closed as one of the men is due before the courts. 

Read: Dublin man who fraudulently obtained mortgage on his parents’ house avoids jail>

Readers like you are keeping these stories free for everyone...
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.

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.