IRA involved in Counterfeiting Operation
Two well known republicans are among four men being held in relation to the discovery of a major counterfeiting operation in County Laoise today, 31st May 2010.
The four men arrested are in their 40s/50s and are well seasoned criminals and paramilitaries who are known to the Gardai. The men are being held at Portlaoise and Tullamore Garda stations under Section 4 of the Criminal Justice Act, 1984.
A bunker similar to bunkers used by the PIRA in the 1980s to hide weapons imported from Libya was discovered under a prefab on a site in Borris-in-Ossory. The site is continuing to be technically examined.
It is believed that the equipment and materials seized were of the highest quality and would have been imported for the operation. It is believed that the counterfeiting gang were producing large quantities of 50 Euro notes which are easy to dispose off. Counterfeiting across Europe has been on the increase in recent months and it is believed that the Gardai operation today was the result of many months work in co-operation with other police forces.
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