Kinahan cartel gave businessman €4.5m in cash in suitcases in failed real estate deal

Daniel Kinahan’s mob handed Jim Mansfield Jnr two suitcases filled with 4.5 million euros for a property investment that subsequently failed, it was claimed on Tuesday.

The High Court heard details of how the interaction unfolded but the deal later fell through as the businessman’s fortunes ‘worse’.

In 2014, in an effort to repay the gang, Mansfield Jnr handed over control of a gated mansion to gang leader Kinahan and his No2,
Thomas “Bomber” Kavanagh, as well as cash payments.

READ MORE: A lavish Dublin mansion under the control of the Kinahan Cartel seized by CAB

The Criminal Assets Bureau on Tuesday obtained an order for seizure of the property, No 10 Coldwater Lakes in Saggart, South Co Dublin, worth over one million euros. He also recovered around €50,000 in cash.

Shelly Horan BL for CAB claimed Kinahan had occupied and controlled the house from 2014 due to the nature of the items found inside. The court, which sat in Croke Park, also heard there were efforts to legitimately transfer ownership of Dublin
in Kavanagh.

CAB explained how the cartel had hoped to invest in the property market through Mansfield Jnr. In 2009, two suitcases containing 4.5 million euros were given to the businessman.

However, along with the economic collapse, his fortunes ‘deteriorated’ and the investment ‘turned sour’.

Mansfield Jnr attempted to repay the gang by handing over the Saggart property and making cash payments.

Photo Shows: Enterance at Coldwater Lakes Estate at Saggart

As of 2014, Kinahan and Kavanagh were the asset controllers.

The court also heard an envelope marked “KAVS” and containing €5,000 in cash was seized from the home of Mansfield Jnr’s Tassagart House in Saggart when Gardai raided it in 2015. In addition, there was a separate envelope containing €24,150 while another €20,500 was discovered at a neighboring property.

No one has claimed ownership of these bundles of cash, although it is believed that they were intended for the cartel.

Ms Horan said efforts were underway to serve orders on Kinahan. Although CAB has tried to do the mafia boss, who has been based in his Dubai lair since 2017, a favor in the past, none have succeeded yet. The attorney explained that it might be necessary to do this via social media, but the CAB was in talks with a Kinahan business associate who could accept the paperwork.

The High Court has previously established that Kinahan, 44, is the director and controller of the cartel.

On Tuesday, Ms Horan described Kavanagh as an “international drug trafficker” who was “key” to the Kinahan organized crime group.

She said Kavanagh was married to Joanna Byrne, whose brother David was shot dead in the Regency Hotel attack in February 2016.

Joanna and David’s brother is Liam Byrne, the leader of the Byrne organized crime group. It was the Irish branch of the Kinahan Cartel, the court was told.

Ms Horan has applied to serve Kavanagh, who is currently locked up at HMP Norwich in the UK.

From Drimnagh in Dublin, the 54-year-old was sentenced last week to 21 years in prison for drug trafficking and money laundering.

Anne Mansfield, the widow of Jim Mansfield Snr who died in 2014, was part of Tuesday’s High Court agreement not to contest the case with CAB, as were Mansfield Jnr and his brother PJ, who attended.

The court heard that Anne Mansfield had no involvement with the property, but that her son had been caught up in a “quagmire”.

Mansfield Jnr is currently serving a sentence behind bars for attempting to pervert the course of justice.

The family’s legal representative told the court that he wanted this case to end quickly.

They also agreed not to seek compensation in the future.

The court, sitting before Judge Michael MacGrath, ordered the seizure of the house and the money and the return of the assets to the Treasury.

The matter has been rescheduled for a date in May where an update on pending orders on Kinahan and Kavanagh will be
be given.

READ MORE: Mafia boss Thomas ‘Bomber’ Kavanagh has moved to a new prison just days after being locked up for 21 years

READ MORE: Drug baron linked to Christy Kinahan arrested in Lebanon for cocaine trafficking

Get the latest news delivered to your inbox by subscribe to our newsletter.

Comments are closed.