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Saturday, 27 April, 2002, 17:22 GMT 18:22 UK
Underworld boss attacked
McGraw house
The 49-year-old was attacked near his home
A Glasgow underworld boss is in hospital after being attacked yards from his home in the city's east end.

Tam McGraw, who is known as The Licensee, was believed to have suffered multiple stab wounds in the attack.

Police were said to be looking for a man aged in his late 20s in connection with the attack but refused to confirm that it was a stabbing incident.

Tam McGraw
McGraw has a range of business interests
McGraw was found not proven of drug smuggling in 1998 and not proven of the attempted murder of a policeman 20 years earlier.

The 49-year-old has business interests in taxis and property and was nicknamed The Licensee because of his pub concerns.

He was believed to have been stabbed in broad daylight on Friday morning by a lone attacker not far from his house in Carrick Drive in the Mount Vernon area.

Police are understood to be working on the assumption that this was an attempted assassination.

Underworld sources told BBC Scotland of the possibility of major recriminations.

One said: "There will be hell to pay if he pulls through."

Legitimate businesses

McGraw's personal fortune has been estimated at 10m .

Notorious Glasgow gangster Paul Ferris has made damning allegations about McGraw's past record in a recently published book.

However, during the failed drugs trial in 1998, he alleged that his wealth came from legitimate businesses.

A pub he owned in the Irish Republic has been confiscated by the authorities.

Officials said they believed The Paradise Bar in Donegal was being used to launder drugs money.

He also faced a 300,000 bill from the UK Government for tax avoidance.

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