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
Tuesday 3 October 2023 Dublin: 11°C
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>

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.