03/10/2006
Businessman to pay £18.5 million to ASA and CAB
A businessman from Limerick has agreed to pay £18.5m to the Assets Recovery Agency and the Criminal Assets Bureau (CAB) in the Republic of Ireland in respect of property which resulted from the VAT fraud.
The agreement was reached after a mediation process and means that Dylan Creaven, 32, who currently lives in London but originally came from Ennis in County Clare, will pay a total sum of £18million to the two bodies, and will also transfer the ownership of a luxury villa in Marbella and four racehorses, one of which was the winner of the 2005 Galway Hurdle.
Jane Earl, Director of the Assets Recovery Agency, said: “This case is our largest result so far. It demonstrates the power of civil recovery legislation in taking away the fruits of unlawful activity. This case means that a proportion of the money stolen from the taxpayer through VAT fraud will be returned to the public purse, and it represents a significant achievement in the fight against VAT fraud, which is not a victimless crime. Working with our colleagues in the Republic of Ireland, we have been able to ensure that there are no hiding places for assets at home or abroad. This is the first time that the Agency has used the mediation route and it has brought this case to a successful conclusion.”
Last year, Mr Creaven was acquitted of VAT fraud following an investigation by HM Revenue and Customs into allegations that he played a principal part in an international missing trader VAT fraud thorough his computer chip business in the Republic of Ireland.
Following a subsequent investigation by ARA, with an involvement from CAB, Assets Recovery Agency lawyers were successful last year in obtaining a freezing order over Mr Creaven’s assets.
(EF/KMcA)
The agreement was reached after a mediation process and means that Dylan Creaven, 32, who currently lives in London but originally came from Ennis in County Clare, will pay a total sum of £18million to the two bodies, and will also transfer the ownership of a luxury villa in Marbella and four racehorses, one of which was the winner of the 2005 Galway Hurdle.
Jane Earl, Director of the Assets Recovery Agency, said: “This case is our largest result so far. It demonstrates the power of civil recovery legislation in taking away the fruits of unlawful activity. This case means that a proportion of the money stolen from the taxpayer through VAT fraud will be returned to the public purse, and it represents a significant achievement in the fight against VAT fraud, which is not a victimless crime. Working with our colleagues in the Republic of Ireland, we have been able to ensure that there are no hiding places for assets at home or abroad. This is the first time that the Agency has used the mediation route and it has brought this case to a successful conclusion.”
Last year, Mr Creaven was acquitted of VAT fraud following an investigation by HM Revenue and Customs into allegations that he played a principal part in an international missing trader VAT fraud thorough his computer chip business in the Republic of Ireland.
Following a subsequent investigation by ARA, with an involvement from CAB, Assets Recovery Agency lawyers were successful last year in obtaining a freezing order over Mr Creaven’s assets.
(EF/KMcA)
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27 June 2006
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The Social Security Agency has today won its first case under the Proceeds of Crime Act to confiscate assets gained through benefit fraud. The decision, which was reached earlier at Craigavon Crown Court, granted the Agency a Confiscation Order against a Dunmurry woman to the value of £22,261.
Assets of benefit fraudster confiscated
The Social Security Agency has today won its first case under the Proceeds of Crime Act to confiscate assets gained through benefit fraud. The decision, which was reached earlier at Craigavon Crown Court, granted the Agency a Confiscation Order against a Dunmurry woman to the value of £22,261.
25 November 2004
House sale ensures crime does not pay - Pearson
The home of a murdered loyalist paramilitary leader which was seized by the Assets Recovery Agency has been auctioned for £410,000. The auction of Jim Johnston's house follows September’s High Court order to seize the cash and property assets worth more than £1 million from the former drug dealer.
House sale ensures crime does not pay - Pearson
The home of a murdered loyalist paramilitary leader which was seized by the Assets Recovery Agency has been auctioned for £410,000. The auction of Jim Johnston's house follows September’s High Court order to seize the cash and property assets worth more than £1 million from the former drug dealer.
10 September 2003
Agency freezes £1.5m in criminal assets
Over £1.5 million worth of assets belonging to a murdered loyalist have been frozen by the Assets Recovery Agency (ARA), Security Minister Jane Kennedy announced today. A receiver has been appointed to take control of, and manage the assets of, dead loyalist Jim Johnston, who was shot dead at his Co Down home in May.
Agency freezes £1.5m in criminal assets
Over £1.5 million worth of assets belonging to a murdered loyalist have been frozen by the Assets Recovery Agency (ARA), Security Minister Jane Kennedy announced today. A receiver has been appointed to take control of, and manage the assets of, dead loyalist Jim Johnston, who was shot dead at his Co Down home in May.
22 October 2004
Assets Recovery Agency freezes NI companies' assets
The Assets Recovery Agency has frozen more than £300,000 worth of assets from three registered Northern Ireland companies, and others in England and Spain. The agency also secured High Court orders against three members of one family from the Carrickfergus area named as Albert, Jessica and Paul Baxter.
Assets Recovery Agency freezes NI companies' assets
The Assets Recovery Agency has frozen more than £300,000 worth of assets from three registered Northern Ireland companies, and others in England and Spain. The agency also secured High Court orders against three members of one family from the Carrickfergus area named as Albert, Jessica and Paul Baxter.
06 August 2018
Recovered Criminal Assets To Benefit Voluntary And Community Projects
Some £700,000 is being made available to voluntary and community sector organisations from funds recovered in criminal assets seizures, the Department of Justice has announced. Inviting applications for funding, the Department said the the funding would help in crime prevention or help reduce the fear of crime in the community.
Recovered Criminal Assets To Benefit Voluntary And Community Projects
Some £700,000 is being made available to voluntary and community sector organisations from funds recovered in criminal assets seizures, the Department of Justice has announced. Inviting applications for funding, the Department said the the funding would help in crime prevention or help reduce the fear of crime in the community.
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