Liberty Recycling: Frozen bank accounts, suspicious transactions and seized luxury goods
A major criminal investigation into Liberty Recycling only came to the attention of the Charities Regulator in July, with the regulator saying it felt unable to act until planned Garda searches were completed last week. During those searches, two BMW X5 vehicles valued at €250,000 were seized, along with designer goods valued at some €40,000, including Louis Vuitton bags and Rolex watches. While the assets may have dominated the coverage of the searches, other significant events also took place. Liberty Recycling’s bank accounts were frozen, while its computers and documents were also taken for examination. Detectives from the Garda National Economic Crime Bureau’s money-laundering unit continue to analyse the material seized, but it has already given rise to further concerns. For example, it appears to have uncovered evidence that a Porsche was bought last year, allegedly with the charity’s money, and that a BMW was bought this year. The BMW,…