Issue Date: 09/02/2021
Investigators at the Money Laundering Investigation Unit (MLIU) at the Garda National Economic Crime Bureau (GNECB) have arrested a male in his late 20’s in connection with an ongoing investigation into international invoice re-direction frauds.
The man was arrested during an operation in the west Dublin area this morning (9/2/2021) and is currently detained at Lucan Garda Station under Section 4 of the Criminal Justice Act, 1984.
In the course of the investigation it was established that funds totalling €430,000 were transferred in fraudulent transactions from companies in Spain, Belgium, the UK, and Ireland. Following a lengthy investigation and with the assistance of the Irish Financial Intelligence Unit (FIU), €389,000 of the funds have since been recovered and returned to the companies affected.
The investigation is ongoing and further updates will follow.
Notes:
Further information on Invoice Redirection Fraud can be found on Garda.ie - https://www.garda.ie/!SXHU4A
