High Court reportersAn Irish-based Chinese organised crime group has laundered millions of euros of drug trafficking proceeds on behalf of Irish criminals, the Criminal Assets Bureau (CAB) has alleged in the High Court. CAB said members of the Chinese group for a fee provided a route for Irish-based criminals to access their criminal proceeds overseas. CAB told the court the assets associated with Mr Zheng were a Nissan Qashqai and €8,400 in an AIB account that previously contained much larger sums. The judge said Ms Zheng’s reference to PPE was “entirely new” and “completely inconsistent” with other explanations previously provided. He deemed the various sums of cash and money in bank accounts to be, in whole or in part, directly or indirectly, proceeds of crime.

Source: The Herald June 21, 2023 20:47 UTC