Robbery launderer faces tax bill
http://news.bbc.co.uk/go/rss/-/1/hi/northern_ireland/8014449.stm Version 0 of 1. A man convicted of laundering some of the proceeds of the £26.5m Northern Bank robbery is facing a court order to pay 880,000 euro in tax debts. It follows an investigation by the Criminal Assets Bureau into the financial affairs of Ted Cunningham. The 60-year-old from Cork was found guilty in March of laundering more than £3m from the robbery in December 2004. Cunningham and his son, who pleaded guilty to laundering charges, are due to be sentenced on Friday. Detectives seized more than £2.3m at Cunningham's home at Farran, County Cork, in February 2005. He told them it came from the sale of a gravel pit in Offaly to Bulgarian businessmen. The trial heard the prosecution claim that a total of almost £4.9m had passed through his hands. |