CAB to repossess home bought by proceeds of crime

THE Criminal Assets Bureau has secured a Supreme Court order allowing it take possession of and sell a family home which the courts previously ruled was purchased with the proceeds of crime.

A man whom the bureau alleges was involved in significant crime relating to unlawful drugs lives in the property with his wife and a number of children.

About €26,000 is to be paid to the man’s wife and father, the registered owner of the property, with all other monies arising from the sale to go to the Exchequer.