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CAB returns over €5m to Nigerian government after money was stolen from public funds – report

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The Criminal Assets Bureau (CAB) returned more than €5m to the exchequer last year after seizing assets from drug traffickers and burglary gangs.

The bureau is also focusing on more targets than ever before, with more than 1,700 criminal groupings or individuals identified across the country.

In its annual report for 2020, CAB also said it handed more than €5.4m back to the Nigerian government after the money was stolen from its public funds and held in a financial institution here.

One successful court judgment identified in the report was against Kinahan cartel associate Paul Gray (34), who is described as a key associate of the international crime group.

The south-inner-city criminal had acquired a house in Dublin’s Rialto “from a criminal associate in satisfaction of a €40,000 drug debt” before making renovations with his ill-gotten gains.

The house was seized under proceeds-of-crime legislation.

The total number of targets by the end of last year stood at 1,731, almost 400 more than in 2019, with most of these in Dublin and Limerick.

The Dublin Metropolitan Region (DMR) West Garda division, which polices areas including Blanchardstown, Finglas and Clondalkin, had the highest number of targets at 284.

CAB is also targeting 40 groups or individuals not living in Ireland.

More than €4m was returned to the exchequer under proceeds-of-crime legislation, while a further €1m was returned under separate legislation.

INDEPENDENT IRISH

 

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