Man charged with money laundering will get bail if 'legitimate' surety can pay €10,000

Mr McManus (51) and co-accused Terese Halpin (49) were both charged last week after gardaí executed a warrant at their home address at Keating Park, Killalee, Co Limerick.
Man charged with money laundering will get bail if 'legitimate' surety can pay €10,000

Paul Neilan

A man accused of money laundering for a Limerick crime gang will be granted bail by the Special Criminal Court, despite the objections of gardaí, if a "legitimate" person can come up with a €10,000 surety for him.

On Tuesday at the three-judge court, gardaí had objected to the bail of Limerick man Dermot McManus, who is charged with handling almost €50,000 in crime cash, possessing a stolen vehicle and the handling of another vehicle.

Mr McManus (51) and co-accused Terese Halpin (49) were both charged last week after gardaí executed a warrant at their home address at Keating Park, Killalee, Co Limerick.

Gardaí had described the arrests, made as part of 'Operation Coronation', as a "significant development" in an ongoing investigation targeting the activities of an organised crime group based in Limerick.

Mr McManus is charged with handling sums of cash worth €28,550 and £17,240 (€20,600), knowing or believing or being reckless whether it was the proceeds of criminal conduct on June 17th, 2020, and allowing an account at the Limerick and District Credit Union to be used for the purposes of handling the proceeds of crime on the same date.

Mr McManus is further charged with possession of a stolen blue Ford Transit van with a 161-L registration between 10 August, 2019 and June 12th, 2020; and with handling a white 151-C Mercedes Sprinter between June 2nd, 2020 and May 23rd, 2021.

Proceeds of crime

Ms Halpin is charged with possession of the same cash sums on June 17th, 2020, and with allowing a Permanent TSB account to be used for handling the proceeds of crime between January 17th, 2019 and June 10th, 2020.

Objecting to bail at the non-jury court today, Detective Garda John Sheahan told Fiona Murphy SC, prosecuting, that he believed Mr McManus to be a flight risk with access to money and that the accused would commit offences if granted bail.

The detective added that Mr McManus has familial links in England and that he regularly travelled there.

Det Gda Sheahan said that after a search warrant was obtained for Keating Park in June 2020, €28,550 was found in socks on top of a wardrobe while £17,240 was discovered in a jacket pocket. He added that gardaí also investigated "suspicious" financial transactions by Mr McManus at the credit union.

Regarding the Ford Transit, the detective said Mr McManus had sold the vehicle for €10k, but it had never been registered in Mr McManus' name.

Det Gda Sheahan said Mr McManus told gardaí he had bought the Mercedes Sprinter in Northern Ireland but that the accused's only regular income was a disability payment and that he had never filed a revenue return or paid income tax.

Defending barrister Pat Barriscale BL said his client had 19 months between his first arrest and being charged and had neither absconded nor offended in that time.

Family ties

He said Mr McManus regularly travelled to England to see his brother, who is severely ill, and submitted that his client was not a flight risk.

Mr Barriscale said Mr McManus had been a market trader who dealt in bed linen and that he had strong family ties to Limerick, which included his wife, two children and his immediate and extended family.

The barrister said that a lodgement of €35,000 to his client's account, referred to by Det Gda Sheahan, was a payment of a personal injury claim after Mr McManus was injured in a road traffic collision.

Presiding judge Mr Justice Tony Hunt said he would grant bail if a "headline figure" of a €10,000 surety could be found from "a legitimate person".

The judge said that concerns about Mr McManus being both a flight risk and concerns about the accused committing an offence while on bail could be met by the surety, in addition to strict bail conditions.

Mr Justice Hunt said that if the surety could be found, Mr McManus was to sign on daily at a Limerick garda station and was not to associate with persons named in the court.

The judge remanded Mr McManus in custody with consent to bail and adjourned the matter with liberty for it to be re-entered before the court for surety approval.

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