Cork man pleads guilty to money laundering, drug dealing, and having silencers and ammunition

Man admits possession of proceeds of criminal conduct over boat worth €86,000

The man appeared at Cork Circuit Criminal Court where he affirmed the signed pleas of guilty which he had entered to the ammunition, drugs, and money-laundering charges.

A Cobh man who was caught in Dublin laundering €672,000 in cash that was the proceeds of criminal conduct and having an €86,000 house boat on the river at East Ferry in Cork was remanded in custody today for sentencing on May 22.

Gerard Hayes, aged 39, with an address at College Lawn, College Manor, Cobh, Co Cork, also confessed to cocaine dealing, and possession of large quantities of ammunition and silencers for firearms.