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Tuesday, 11 January 2011

Christy Kinahan has lost his appeal against a four-year sentence for money laundering offences


16:21 |

Gang boss loses laundering appeal - National News, Frontpage - Independent.ie: "Christy Kinahan has lost his appeal against a four-year sentence for money laundering offences.

Dubliner Kinahan (53) was convicted in a Belgian court earlier this year but granted bail to appeal the sentence.

In the meantime, he was arrested by Spanish police for allegedly masterminding a massive drug trafficking and money laundering empire, with an assets portfolio conservatively valued at €250m.

Kinahan's appeal was heard and rejected by a judge in a court in Brussels on Tuesday.

The charges followed his arrest by Belgian federal police in May 2008 following extensive inquiries into a laundering scam and after assets worth €2.5m were seized.

A warrant will be prepared by the Belgian police for his arrest but will not be activated until Kinahan has been processed through the Spanish courts.

Kinahan has already served a jail sentence in the Netherlands for handling stolen property."


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