Man in Finglas arrested following investigation into romance fraud
An elderly woman was allegedly defrauded out of €230,000.
A man has been arrested in Finglas following an investigation into the laundering of money from romance and phishing frauds on Tuesday (17 May).
Two searches were carried in the Citywest and Finglas areas by Garda National Economic Crime Bureau (GNECB) personnel.
Following the searches, a man, aged in his 40s, was arrested in Finglas for gangland offences, contrary to Section 72 Criminal Justice Act, 2006.
He is currently detained under the provisions of Sec 50 Criminal Justice Act 2007 at Terenure Garda Station, where he can be held for up to seven days.
Banking documents, a laptop and a phone were also seized during the operation.
The investigation has established that a number of bank accounts were created under false names.
It is believed that approximately €660,000 has been laundered through these accounts.
The money is understood to have come from a romance fraud that was operating in Germany between October 2020 and February 2021.
In one case, an elderly woman was allegedly defrauded out of €230,000.
Investigations are ongoing.