Spanish authorities freeze Gerry Hutch’s property assets

Eva Osborne

Spanish authorities have frozen Gerry Hutch’s property assets in the country as part of an ongoing money-laundering investigation into the gangland figure, according to The Irish Times.

The revelation comes as Hutch refused to detail the extent of his property holdings in advance of the May 22nd Dublin Central by-election, which he said he plans to enter as an Independent candidate.

Hutch, who has made millions of euro over the years from property investments, told The Irish Times that he would only disclose his assets if elected, though he suggested he may be the wealthiest TD in the Dáil if he wins a seat.

Since 2015, Hutch (63) has lived almost full time on the Spanish island of Lanzarote.

Documents obtained by The Irish Times show Hutch owns three properties in Spain, including a three-bedroom villa in the town of Puerto Del Carmen in Lanzarote where he spends eight months of the year.

After confirming his intention to run in the Dublin Central by-election, Hutch said he will return to Ireland from Lanzarote to sign nomination papers in the coming days.

Hutch lost out on a seat in the general election, finishing in fifth spot in a four-seat constituency.

The orders from Spanish authorities prevent Hutch from selling the properties until the case against him concludes. If he is convicted, part or all of his holdings could be seized by the Spanish courts.

It is not clear if the money-laundering investigation will proceed to a full trial.

Hutch spent about two weeks in custody in Lanzarote before being released on bail and permitted to return to Ireland to contest the 2024 general election. Last February his €100,000 bail deposit was returned to him by the courts.