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In pictures: Inside the luxury apartment in Dubai that the Kinahan brothers have been renting for €46,000 a year

This is the exclusive residential building in Dubai where the Kinahans have rented a luxury apartment with an upfront payment of €46,600.

Aniel and Christopher Kinahan Jnr rented a two-bedroom apartment on the 14th floor of the Iris Blue building in Dubai Marina, according to documents leaked to the International Consortium of Investigative Journalists (ICIJ).

Financial documents show how the brothers moved their businesses from Spain to Dubai immediately after the Regency Hotel attack in Dublin in February 2016.

A lease leaked to the ICIJ shows the brothers paid 185,000 dirhams (€46,000) upfront for a year’s rent of the 127-square-meter property, starting on March 1, 2016 – just over three weeks after David Byrne was shot dead at the Regency Hotel .

The owner of the apartment bought it last year for 630,000 euros and documents show that the Kinahan siblings received a parking space in the underground car park as part of the agreement.

It is understood that Daniel and Christy stayed at the apartment, but Christy has been there more recently.

An EU-funded investigation into the Kinahans identified dozens of front companies used by the cartel to help transport drugs and other contraband and launder the proceeds of crime.

“Grocery businesses, bars and restaurants have been set up in Ireland, Spain and the UK for money laundering and functional purposes,” the inquiry found.

Documents released this week also reveal the various companies the Kinahan set up after moving to Dubai.

In November 2016, the brothers established a company and branch under the name of Haizum General Trading Co. LLC in different jurisdictions of the UAE.

The company would trade in clothing and textiles, according to the leaked documents, while the branch was based in Jumeirah Lake Towers and in a special tax zone called the Dubai Multi-Commodities Center (DMCC) and traded in pasta, sugar, cooking oil and other groceries.

Despite their well-publicized ties to organized crime at the time of their move to Dubai, authorities there approved their establishment of the Free Zone branch after a due diligence report said the Kinahan brothers posed “low risk” and concluded “okay to continue”.

The leaked documents also show ties between MTK Global and Ducashew Consultancy, one of the Kinahan companies sanctioned by the US.

MTK was founded in 2012 by Kinahan and fellow boxer Matthew Macklin as a gym in Marbella and later grew into a global boxing company.

It was bought in 2017 by Scot Sandra Vaughan, who has repeatedly claimed Kinahan is no longer involved despite indications to the contrary.

Document Released ICIJ reveals details of Vaughan’s stake in Kinahan-owned Ducashew Consultancy, based in Dubai.

Ducahshew’s website, which is no longer operational, previously boasted of the company’s “strong relationships with [UAE] Government agencies, banks and regulators”.

Records also show that MTK, Ducashew and Haizum all shared a common address in the Jumeirah Bay Tower in Dubai.

The Indo Daily: Blow to Blow – Nicola Tallant on the fall of the Kinahan boxing empire


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https://www.independent.ie/irish-news/crime/in-pictures-inside-the-luxury-dubai-apartment-kinahan-brothers-rented-for-46k-a-year-41584584.html In pictures: Inside the luxury apartment in Dubai that the Kinahan brothers have been renting for €46,000 a year

Fry Electronics Team

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