Businessman had €800,000 in off shore accounts, court hears

The owner of an office supply business in Tralee, Co Kerry, and a "generous" charity worker, was found to have almost €800,000 in Swiss and other foreign bank accounts uncovered on foot of a revenue investigation and a European tip-off.

John Cashell, aged 59, of Stacks Mountain, Kilflynn, Co Kerry, who had been a director of Radley Cashell Business Systems Ltd at Rock St, Tralee, pleaded guilty yesterday in relation to three counts of incorrect income tax returns, in 2001, 2002 and 2003, with regard to undeclared interest on these accounts.

The matter centred on the Isle of Man and subsequently in Switzerland and the banks included the former Close Bank, AIB, and Irish Permanent.