Gardaí to probe credit union ‘money-laundering’

GARDAÍ have been asked to investigate an alleged case of money-laundering through an account held at one of Cork’s largest credit unions.

A source at Gurranabraher Credit Union said yesterday that “a substantial amount of money had been moving in and out of the account,” and had been spotted by consultants Ernst & Young.

In a letter to be sent to the credit union’s 12,000 members, the board said that arising from the consultants’ examination, one member’s account had been referred to the Garda Money Laundering Unit at Harcourt Square, Dublin.