Assets Seizure and Settlement
Murphy was arrested in Dundalk, County Louth on 7 November 2007 by detectives from the Criminal Assets Bureau on charges relating to alleged revenue offences. The following day, he was charged with tax evasion under the Tax Consolidation Act. Murphy was later released on his own bail of €20,000 with an independent surety of €50,000.
On 17 October 2008 in an agreed legal settlement, Murphy and his brothers paid over £1million in assets and cash to the authorities in Britain and Ireland, in settlement of a global crime and fraud investigation in relation to proceeds of crime associated with smuggling and money laundering. After an investigation involving the Irish Criminal Assets Bureau and the UK’s Serious Organised Crime Agency, over 625,000 euros (£487,000) in cash and cheques was confiscated by Irish courts, while nine properties in northwest England worth £445,000 were confiscated by British courts. Murphy is still fighting a claim in the Irish courts for tax evasion, relating to non-completion of tax returns for eight years from 1996.
On 26 April 2010 he was further remanded on bail.
Read more about this topic: Thomas Murphy (Irish Republican)
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