ARA Freezes Murphy Manchester Properties
The Northern Assets Recovery Agency has frozen over one and a half million pounds of property in Manchester, belonging to the brother of Thomas 'Slab' Murphy, alleged to be a leading member of the IRA.
The agency claims the assets are the proceeds of money laundering, fuel smuggling and mortgage fraud, but this remains to be seen, since both CAB and ARA, recently failed to turn up any evidence against Thomas Murphy despite an intensive trawl through banks here, in the U.K., and Europe. All they could find was income earned through farming.
Nine residential properties in Manchester belonging to Francis and Judy Murphy of Ballybinaby, County Louth and one property belonging to a Manchester businessman
are in the freezing order.
Chubby Alan McQuillan, head of the Northern Assets Recovery Agency, who failed to secure the top policing post in the PSNI, losing out to Hugh Ord, is a sore loser, and is under severe pressure to get results.
The agency was set up to tackle organised crime and was meant to seize enough assets and cash to cover it's budget, but since 2003 has only secured £8m with a cost of £60m.
In Ireland the CAB under Felix McKenna, recently retired, has secured in excess of €100m but the cost isn't available.
The agency claims the assets are the proceeds of money laundering, fuel smuggling and mortgage fraud, but this remains to be seen, since both CAB and ARA, recently failed to turn up any evidence against Thomas Murphy despite an intensive trawl through banks here, in the U.K., and Europe. All they could find was income earned through farming.
Nine residential properties in Manchester belonging to Francis and Judy Murphy of Ballybinaby, County Louth and one property belonging to a Manchester businessman
are in the freezing order.
Chubby Alan McQuillan, head of the Northern Assets Recovery Agency, who failed to secure the top policing post in the PSNI, losing out to Hugh Ord, is a sore loser, and is under severe pressure to get results.
The agency was set up to tackle organised crime and was meant to seize enough assets and cash to cover it's budget, but since 2003 has only secured £8m with a cost of £60m.
In Ireland the CAB under Felix McKenna, recently retired, has secured in excess of €100m but the cost isn't available.
posted by Editor at 10:11 a.m.
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