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Tuesday, 17 February 2009

Michael "Roly" Cronin €300,000 confiscated


08:38 |

Confiscated almost €300,000 from the assets of major gangland figure Michael "Roly" Cronin, who was murdered in the centre of Dublin last month.The money was handed over after a High Court decision yesterday afternoon.The Cab was granted a freezing order against Cronin in March 2001 after it seized three properties at Buckingham Street in the north inner city; Ballyboden, Rathfarnham; and Finebar-Fort, Wellmount Road in Finglas.The houses were subsequently sold by the receiver on behalf of Cab and following the statutory seven-year wait, an agreement was reached in court yesterday in which two sums of cash, €103,000 in one bank account, and €180,000 in another, were officially handed over to the Finance Minister.Also in the High Court yesterday, the Criminal Assets Bureau secured an order handing over €38,662.75 to the State.The money was the proceeds of drug trafficking by Cab target Michael Shannon, who gave an address at Minart House at Sligo Road in Longford.The cash was seized as part of a search of a house at Bishopscourt in Ennis, Co Clare and was subjected to a freezing order for the past seven years.Shannon, who then had an address at Lenihan Avenue, Prospect, Limerick, was sentenced to eight years in prison after he pleaded guilty at Limerick circuit court in October 2002 to possession of 100,000 ecstasy tablets with a street value of more than €1m.A third convicted drug trafficker also fell victim to the Cab in the High Court yesterday afternoon.The court heard that Stg£22,000 was seized from Kevin McEvoy, of Ajax Court, Townspark, Antrim, as he attempted to board a flight to Amsterdam in February 2007.The court was told that McEvoy had 48 criminal convictions, including some for drug trafficking.The Cab secured a consent order to confiscate a total of €31,995.28.


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