Ireland

A US judge has rejected a request from the former chief executive of Anglo Irish Bank to be released on bail while he awaits an extradition hearing on fraud charges in Ireland.

THE GOVERNMENT HAS been accused of facilitating wholesale tax avoidance after it emerged that a vulture capital firm is liable to be taxed on just €1,000 of its €4.5 million profit.

Derek Gallagher, aged 51, of 20 Church St, Drogheda, pleaded guilty at Limerick Circuit Court to handling or transferring money contrary to the Money Laundering legislation.

The €159m Mahon Tribunal has been forced to overturn a series of Corruption findings against former Fianna Fáil minister Ray Burke and key businessmen in a damaging blow to the investigation. Ray Burke: Some adverse findings remain against him.

TOM SLAB MURPHY said by security sources to be the former Chief of Staff of the Provisional IRA, used his family farm’s unique position straddling the border to amass a multi-million euro fortune through cross border smuggling

THOMAS SLAB MURPHY, the high-profile republican convicted of tax offences last December, is due to be sentenced later today at the Special Criminal Court. His sentencing was postponed two weeks ago until today, the date of the general election. At that initial sentencing hearing the Court heard that Murphy owes the Revenue Commissioners almost €190,000 in unpaid taxes for his farming business on the border with Northern Ireland.

AN INVESTMENT FUND is appealing the dismissal of its $2.2 billion (€2 billion) damages claim against the Irish arm of HSBC relating to an investment in the massive Ponzi Scheme run by fraudster Bernie Madoff.

OVER THE PAST five years, 31 Fuel Laundering plants have been uncovered and closed down across the country.

BUSINESSMAN DENIS O'BRIEN, who lost an appeal against a Circuit Court decision aiming to stop Revenue investigating an alleged negligent tax return can be named, the High Court ruled today

The State’s case against two former Anglo Irish Bank officials, jailed for conspiring to conceal or alter bank accounts being sought by the Revenue, was astonishingly weak, the Court of Appeal has been told.