Printer sold counterfeit bank notes to IRA man

A Kildare printer was “working with the IRA” while running a sophisticated counterfeit banknote operation a court has heard.

Richard Molloy, aged 44, will be sentenced later after he was caught selling €20,000 in counterfeit bills to an IRA man in exchange for €2,200. A follow-up search of his printing operation by the special detective unit uncovered over €2m in fake banknotes and the equipment for their production.

Molloy, of Preston Heights, Kilmeague, Naas, Co Kildare, pleaded guilty at Dublin Circuit Criminal Court to possession of equipment for the production of counterfeit notes at Barstown Commercial Park, Dunboyne, Co Meath, on February 2, 2014.