Kingwilly that is legal money they got by fund raising but most of the money came from NORAID IRA fund raisers in the USA which was a lot more and under the counter money .
Northern Bank robbers 'still struggling to spend £26.5m'
Ten years on from one of the biggest bank robberies in British and Irish history the IRA gang responsible may still be struggling to spend some of the £26.5 million plundered in the Northern Bank heist, an expert in combating money laundering has said.
The sheer amount of cash lying in the vaults of the Belfast city centre bank shocked the Provisional movement and swamped its long-standing criminal structures to wash its dirty money, former Police Service of Northern Ireland senior commander Alan McQuillan said.
Mr McQuillan, who after a career in policing that saw him rise to acting deputy chief constable in England headed up the Assets Recovery Agency in Northern Ireland, predicted that some of the money may still be in storage awaiting laundering.
“That amount of money isn’t easy to launder,” Mr McQuillan, now a security consultant, said ahead of the tenth anniversary of the infamous pre-Christmas raid.
“The Provos had a network that was designed to cope with their normal money laundering, but to suddenly try to squeeze an extra £26 million through that in a year is just impossible without showing.
“So I suspect this money was held and gradually filtered in over five or six years but some of it may still not be.”
Sinn Féin denied the IRA was involved in the crime but that view has always flown against the assessment of the authorities on both sides of the border.
Ahead of this weekend’s anniversary, detectives have insisted the hunt goes on for the perpetrators.
But a decade on from the audacious evening robbery, carried out only yards from streets bustling with Christmas shoppers and revellers, police appear no closer to bringing the gang responsible to justice.
The bank still trades from the same location although it was renamed Danske Bank in 2012 after its Danish parent company.
“The investigation remains open,” PSNI Detective Sergeant David Martin said.
In the years since the crime that made headlines around the world and almost derailed the peace process, there have been 20 arrests – 13 in Northern Ireland and seven in the Republic of Ireland – but only one man has been convicted in direct connection with the robbery and its spoils.
And as financier Ted Cunningham, from Farran, Co Cork, was convicted for laundering less than £300,000 of the stolen millions – and not for any actual involvement in the heist – in reality each and every member of the violent masked gang that actually perpetrated the robbery have so far evaded the authorities.
In March, 2007, a 32-year-old man from Co Cork, Don Bullman, a chef from Fernwood Crescent in Wilton, was sentenced to four years in prison for membership of the IRA.
He was arrested at Heuston Station in Dublin two years earlier by gardaí investigating money laundering following the Northern Bank robbery and found in possession of a Daz washing powder box containing more than €94,000.
But there was no evidence given as to the origins of the money in court and the judge stressed Bullman was not charged with any other offence.
Mr Martin indicated that public help would be crucial to a breakthrough in the investigation.
Northern Bank robbers 'still struggling to spend £26.5m' | BreakingNews.ie