Dundalk District Court

North Louth man accused of money laundering offences totalling €279,000

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North Louth man accused of money laundering offences totalling €279,000

Dundalk courthouse

A salesman from north Louth appeared before Dundalk District Court this week accused of money laundering offences relating to a total of €279,000.

Judge Conall Gibbons heard evidence at the vacation court sitting on Thursday of Pearse O'Connor of Rampark, Jenkinstown being arrested at 7.20 that morning and that he made no reply when five charges were later put to him, after caution.

The 36 year old is accused of engaging in/converting/transferring/handling/acquiring/possessing or using three different sums of money in a bank account at Bank of Ireland, Clanbrassil Street, Dundalk, knowing or believing or being reckless that they were the proceeds of criminal conduct.

The amounts involved are €5,000 on February 24th 2015, €24,000 between the 11th and 13th of March and €250,000 between the fourth and 10th of March that year.

He is further charged with dishonestly soliciting payments from Keys Commercial Finance Ltd. by furnishing misleading invoices to it between the 23rd of January and the 14th of May 2015, and with using a false instrument for a fraudulent purpose at the Ardee Road, Dundalk between the first and 31st of January that year - a "Pearse Roofing and Cladding Limited" director's report and un-audited financial statements for the year ending September 30th 2014.

The court heard the DPP has directed that the case be sent for trial in the Circuit Court, but has consented to Pearse O'Connor being sent forward for sentence in the event of signed guilty pleas being entered.

Pearse O'Connor was remanded on €1,000 to Dundalk District Court on the 26th of September for service of a Book of Evidence.

As part of his bail terms, he had to surrender his passport and sign on twice a week at Dundalk Garda Station.

He must also notify gardaí by email in advance of travelling to Belfast, after the court heard he is employed as a salesman by a company based there and travels north once every ten days for work.