Alleged money launderer has assets frozen

A man alleged to have laundered money earned through suspected fuel smuggling has had assets of more than £400,000 (€589,000) frozen by the Assets Recovery Agency, it was announced today.

A business and property belonging to South Armagh man Liam Davidson were frozen by the ARA, which alleged he had assisted another man, whose assets were frozen 18 months ago, in laundering the proceeds of crime.