GARDAI have arrested a teenager in Limerick in connection with the alleged laundering of around €140,000 through his bank account.
The young man was arrested this morning by gardaí attached to the Garda National Economic Crime Bureau assisted by local officers based out of Henry Street Garda Station.
Following a planned search of a property the suspect “was arrested in relation to an ongoing investigation under Operation SKEIN, and he is currently detained at Henry Street Garda station under Section 50 Criminal Justice Act, 2007”, a Garda spokesman said.
“It is alleged that between the 20th July, 2020 and the 23rd July, 2020, €139,211 was laundered through his bank account with the money being the proceeds of invoice redirect frauds in Russia, Slovakia, Taiwan, India and South Korea.”
“This money was in the main transferred on to Turkey and Germany but there were transfers to accounts in Ireland and withdrawals in Irelands.”
“Investigations are ongoing”, the spokesman added.
