Frank Dunlop - Criminal Assets Bureau Investigation

Criminal Assets Bureau Investigation

The Criminal Assets Bureau successfully obtained a High Court order on July 26, 2006 freezing land assets of 107 acres (0.43 km2) at Carrickmines, County Dublin owned by Jackson Way Properties Ltd and preventing their sale. This means that these cannot be sold or pledged as collateral without the consent of the High Court. CAB contended that these lands had been rezoned on 16 December 1997 by Dún Laoghaire-Rathdown County Council from agricultural to industrial after Dunlop bribed and made corrupt payments to councillors to secure their support in the rezoning vote. That rezoning vote increased the value of just 17 acres (69,000 m2) of the property from €8 million to €61 million. CAB has interviewed and took statements from Dunlop between 2004 and 2006. He will be called to testify in the criminal trial.

If this case succeeds the potential money realised by CAB will be substantially more than the yield from gangland criminals since 1996. Other similar cases are likely to ensue involving lands investigated by The Mahon Tribunal.

Read more about this topic:  Frank Dunlop

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