Courts Man charged in connection with fraud of €360,000 Close 1/1 Stock photo Gallery 1 Stock photo

A 48-year-old man has been charged in connection with a money-laundering operation during which more than €360,000 was stolen from Maynooth University.

Abiodun Adewolowo, with an address at Cappahard, Ennis, Co Clare, was remanded in custody after appearing before Judge David McHugh at Dublin District Court yesterday.

He will face a bail hearing today.

Detective Garda Michael Kilfeather, from the Office of the Director of Corporate Enforcement, told the court he was objecting to bail on the grounds that Mr Adewolowo was a flight risk.

He told the court that the defendant was arrested in Clondalkin, in Dublin, on Sunday and made no reply when charged.

He faces a single count under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 for having €16,000 in crime proceeds in a bank account in Ennis on August 25, 2015.

Invoices

Det Gda Kilfeather said it was alleged there was a series of emailed invoices which resulted in a fraud of €362,000.

The Director of Public Prosecutions has directed the accused is to face trial on indictment, he said.

Defence solicitor Niall Walsh said that his client was seeking bail and wished to propose an address where he can live.

Judge McHugh told the solicitor to liaise with gardaí and remanded the defendant in custody overnight for a bail hearing.

He is also seeking legal aid, however the court has not yet ruled on whether it will be granted.

Two other men are already before the courts in connection with the fraud.

Irish Independent