Issue Date: 27/04/2021
Following directions from the Director of Public Prosecutions, Gardaí have arrested and charged two men in relation to a Garda National Economic Crime Bureau investigation into Property Registration Fraud.
The men, one aged in his 50s and the other in his 40s are due to appear before the Criminal Courts of Justice, Court 4, at 10:30am this morning, Tuesday 27 April 2021.
Previous Press Release Refers:
Gardaí attached to the Garda National Economic Crime Bureau (GNECB) have today arrested a man, aged in his 50s, following a two-year ongoing investigation on foot of intelligence received from the Property Registration Authority (PRA).
The man, acting in a professional capacity, is suspected of submitting false deeds to the PRA stating the ownership of two properties had transferred from one entity to a second entity. An estimated €260,000 in funds was fraudulently claimed by persons involved in this scam, from the collection of rent at these properties.
As a result of this, the legitimate owners of the properties suffered a significant financial loss and did not financially benefit from the fraudulent claims.
This extensive investigation conducted by GNECB involved inquiries through Interpol in the UK, USA and Virgin Islands. A number of companies registered in these jurisdictions are believed to be connected to this investigation. To date, GNECB have conducted four search operations and seized over 480 exhibits in relation to the investigation.
Today’s arrest is the latest in a series of investigative tasks conducted by GNECB in relation to this matter. The man is currently detained under Section 4 of the Criminal Justice Act, 1984 in Terenure Garda Station.
Investigations are ongoing.
