Mansions, cash, cars, designer clothes & jewellery seized by CAB as the Bureau vows to name and shame criminals
- 6:30, 8 Jul 2022
CRIMINALS who make settlements with the Criminal Assets Bureau will be named and shamed, Helen McEntee has declared.
It can currently take up to seven years for properties to be seized, with the CAB officers currently seeking to make contact with cartel boss Daniel Kinahan so that they can seize a mansion in Dublin.
However, Minister McEntee hopes to see the lengthy process sped up so that crime figures can’t enjoy their ill-gotten gains for too long.
She was speaking ahead of the launch today of the 2021 Annual Report which shows that CAB returned in excess of €5.5 million to the Exchequer and and deprived criminals of their ill-gotten gains to the sum of €10.9 million.
The amount returned to the State included €4.4 million in Revenue Settlements, €1.14 million in Proceeds of Crime and €0.364 million in Social Welfare recoveries.
Between 1996 and 2021, a total of €204 million has been returned to the exchequer, comprising €165 million in tax settlements, €33 million in proceeds of crime and €6 million in Social Welfare recoupments.
Over 360 Proceeds of Crime cases have been brought to the Courts, involving almost €170 million in assets.
The number of assets over which orders were made by the High Court increased from 102 in 2020 to 360 assets in 2021 – with a total value of €8,386,853.
This included properties, cars, jewellery and designer clothing – with branded goods from Canada Goose, Rolex, Louis Vuitton, Moncler, and Cartier among the flashy items seized.
On publishing the report, Minister McEntee said: “CAB has been a vital tool in our arsenal in the fight against organised crime.
“CAB hits criminals where it hurts – in their pockets – by targeting the ill-gotten gains of criminal conduct.
“In 2021, the 25th anniversary of the Bureau, over €5.5 million was returned to the exchequer. I am also pleased to note the recovery and return in one notable instance of €5.4 million to six defrauded injured parties.
“Earlier this year I launched the Community Safety Innovation Fund Scheme which will reinvest proceeds of crime seized by CAB back into the communities that need it.
CAB POWERS TO ACT FASTER
“We are also looking at how best to support CAB in its important work – last year my Department completed a review which presented a number of recommendations.
“One which I am intending to pursue as a priority is reducing the timeframe for the making of a ‘disposal order’.
“At the moment, once the High Court has determined that an asset is a proceed of crime, it can take a further seven years before it may be ultimately confiscated.
“My intention is to substantially reduce the statutory timeframe before a ‘Disposal Order’ can be made from seven years. Reducing this period would mean that those who generate criminal assets cannot benefit from them for extended periods.
“It would send a message to those involved in organised criminality that they will not be allowed to enjoy the profits of their illegal activity, and it will show communities that we take organised crime extremely seriously.
“And I also want to give CAB the power to publish the names and specified details of tax defaulters who have made settlements with the Bureau.
“Subject to the advices of the Attorney General I hope to be in a position to finalise a General Scheme for new legislation to progress these proposals and others in the Autumn.”