Limerick-based car dealership was laundering money from drugs trade, court told

Counsel said that money generated from drug dealing was passed through the car sales business, which commenced trading approximately seven years ago

 A Limerick-based car dealership was used by persons involved in criminality to launder significant amounts of money generated from the illegal drugs trade, the High Court has heard.

The Criminal Assets Bureau has asked the Court for orders, under Section 3 of the 1996 Proceeds of Crime Act, deeming some 111 cars it seized from the motor sales business in March 2019, and some €20,000 in a linked bank account to be the proceeds of crime.