Page last updated at 11:31 GMT, Thursday, 23 April 2009 12:31 UK

Robbery launderer faces tax bill

Ted Cunningham
Ted Cunningham was found guilty in March of laundering more than 3m

A man convicted of laundering some of the proceeds of the £26.5m Northern Bank robbery is facing a court order to pay 880,000 euro in tax debts.

It follows an investigation by the Criminal Assets Bureau into the financial affairs of Ted Cunningham.

The 60-year-old from Cork was found guilty in March of laundering more than £3m from the robbery in December 2004.

Cunningham and his son, who pleaded guilty to laundering charges, are due to be sentenced on Friday.

Detectives seized more than £2.3m at Cunningham's home at Farran, County Cork, in February 2005.

He told them it came from the sale of a gravel pit in Offaly to Bulgarian businessmen.

The trial heard the prosecution claim that a total of almost £4.9m had passed through his hands.



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