Car dealers south/ west Dublin raided by CAB/ Gardai

goochy

hear there have been raids today , anyone see anything without naming places ?
We all know of lots of dodgy places that look like money laundering outfits , but I don't recall seeing many places being closed down around the Naas Road - they obviously have things in order when raided.

biko

http://www.breakingnews.ie/ireland/cash-and-watches-seized-as-cab-raids-car-dealerships-and-homes-in-dublin-793360.html

13/06/2017 - 13:26:31
A bank account containing around €200,000 has been frozen after a series of CAB raids in Dublin today.
Around €30,000 in cash has also been seized, along with a number of high-end watches.
These raids - which have been ongoing for the past few hours - have been conducted at car dealerships and privates homes in the south and west of Dublin.

My mate was telling me last night that the cops have been using his office building to spy on a car dealer nearby.
Be interesting to see if it was one of them.

FR85

Saw the cops and CAB outside one today just at the Ballyfermot turn on the Nangor Road.....seem to be going through everything

V Eight

BrownFinger wrote: »

My mate was telling me last night that the cops have been using his office building to spy on a car dealer nearby.
Be interesting to see if it was one of them.

Was the fact that the cops have been using his office building not supposed to be secret?

goochy

If it's place i am thinking of off nangor road not surprised . Sure director is well known' dealer ''

draiochtanois

This post has been deleted.

bigpink

Why they use car dealers??

dogmatix

bigpink wrote: »

Why they use car dealers??

It’s much easier for criminal organisations to launder their profits using cars, watches, high end goods then to use cash or online transactions. Cash and online transactions can be tracked a lot more easily plus most banks now have sophisticated anti-money laundering tools these days.

bigpink

dogmatix wrote: »

It’s much easier for criminal organisations to launder their profits using cars, watches, high end goods then to use cash or online transactions. Cash and online transactions can be tracked a lot more easily plus most banks now have sophisticated anti-money laundering tools these days.

Thought cash was king and untraceable
So they are selling cars for cash?

Del2005

bigpink wrote: »

Thought cash was king and untraceable
So they are selling cars for cash?

They can make very large "profits" selling cars. Nice little bit of laundry done between buying and selling.

goochy

There is a Dublin criminal couple based in UK midlands involved in motor trade , theres a good chance that they are supplying cars and cars are being sold on their behalf. That would mean cars are not owned by irish dealers and Cab cant take them if they belong to a company outside country ? just an theory .

You normally know these places as the staff are skangers who wouldn't get sales job anywhere else and theres lots of Uk and fancy cars around.

quadrifoglio verde

bigpink wrote: »

Thought cash was king and untraceable
So they are selling cars for cash?

Cash is king and untraceable until you spend it.
Revenue will be asking quite quickly how all of a sudden you afforded the multi-million Euro property.
It's why some of them still live in ex corpos done up to the nines

Atlantic Dawn

quadrifoglio verde wrote: »

Cash is king and untraceable until you spend it.
Revenue will be asking quite quickly how all of a sudden you afforded the multi-million Euro property.
It's why some of them still live in ex corpos done up to the nines

They could always say they won it on the horses like a famous ex Taoiseach .

Del2005

Atlantic Dawn wrote: »

They could always say they won it on the horses like a famous ex Taoiseach .

They do that as well. It's hard work to legitimise dirty money.

CeilingFly

bigpink wrote: »

Thought cash was king and untraceable
So they are selling cars for cash?

They buy a load of cars for £5,000 on average each, but forget to mention that a further £3-5,000 was paid in cash.

They sell the cars for €15,000 each. Nice profit.

Profit is declared and money is cleaned.

Atlantic Dawn

Del2005 wrote: »

They do that as well. It's hard work to legitimise dirty money.

Yes I remember on one of the raids CAB found a betting slip for ?38k placed on Liverpool.

Gardai also seized a betting slip for a ?38,000 bet on a Liverpool football match from one of the properties that was raided in the Crumlin area.

http://www.independent.ie/irish-news/news/gardai-seize-500k-luxury-cars-rolex-watches-and-38k-betting-slip-in-crackdown-on-kinahan-mob-assets-34524220.html

quadrifoglio verde

Del2005 wrote: »

They do that as well. It's hard work to legitimise dirty money.

It was a favourite method for John Gilligan. He'd put it all on the favourites. Naturally he'd loose some, but because gambling wins were virtually tax free, he found a cheaper way of legitimizing it versus paying the taxman

mloc123

FR85 wrote: »

Saw the cops and CAB outside one today just at the Ballyfermot turn on the Nangor Road.....seem to be going through everything

Same location was done by CAB about 3-4 years ago too.. different company name I am sure

goochy

ah yes - the BEE GEES !!

goochy

remember in mid 90s - church avenue Rathmines - Church motors - a lot of uk cars - owner drove new S class - it was years later that he came into the public eye as John Traynor .