IRELAND: MONEY LAUNDERER SUES RAIDED BANK FOR TAKING BACK ‘STOLEN CASH’

On 11 July, the Irish independent reported that retired businessman Ted Cunningham, 72, the only man convicted in connection with the Northern Bank robbery is now suing the bank for taking possession of millions of pounds sterling found by gardaí at his home. He has issued High Court proceedings seeking damages for conversion, saying that the cash was seized by gardaí under legislation found to have been unconstitutional. In 2004, raiders took £26 million from the Northern Bank in Belfast, taking it from the vaults at the bank’s headquarters, quietly loading it into crates inside a white lorry and driving away into the night.

https://www.independent.ie/irish-news/courts/launderer-sues-raided-bank-for-taking-back-stolen-cash-39358666.html

https://www.belfasttelegraph.co.uk/news/northern-ireland/only-man-jailed-over-26m-northern-raid-sues-bank-39358414.html

 

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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