A 40 year old man who stole more than €123,000 from Cork City Council in a scam involving the sale of parking discs and bin tags has been jailed for three years.

Karl McCaughley, from Kilmore Woods in Ballinspittle, Co Cork, pleaded to a total of 28 sample charges including 23 of theft, two of deception and three of forgery.

The court had heard that the accused had used the cash to fund a lavish lifestyle, and that gardaí had found two Porches and two Mercedes when they visited his home.

Some of the stolen money has been repaid, but €98,000 is still outstanding.