Businessman Jim Mansfield Jr received two suitcases containing $5 million as part of a failed real estate investment from Daniel Kinahan’s organized crime gang, the Supreme Court heard.
However, evidence was presented today that the deal fell through as the businessman’s fortunes deteriorated and the international crime gang was instead given a luxury mansion and cash payments.
The Criminal Assets Bureau (CAB) today obtained an order to seize the West Dublin mansion it said was under the control of the Kinahan organized crime gang and hand it over to the Treasury.
The High Court gave CAB the orders in respect of the property valued at over €1m and cash totaling €50,000.
The house at 10 Coldwater Lakes, Saggart, Dublin was proven to be a historic interest of the Mansfield family but controlled by the Kinahan cartel.
Outlining the background to the case, Shelley Horan BL told the Bureau that she believed the Kinahan gang had made a significant investment through various properties that Jim Mansfield Jnr was developing.
She said detailed statements were made about the interactions between those interviewed in the case: Daniel Kinahan, Thomas “Bomber” Kavanagh and Mansfield Jnr.
Kavanagh, she said, is an “international drug trafficker and a key figure in the Kinahan organized crime group.”
It has been proven that two suitcases totaling €4.5 million were given to Jim Mansfield Jr. in 2009 as part of the Kinahan cartel’s investments.
However, Mansfield’s fortunes “deteriorated” after the financial crash before it went bankrupt and those relationships “went sour.”
Ms Horan said that Kinahan and Kavanagh received the property and cash payments instead.
A sum of €5,000 in cash was found in an envelope marked “KAVS” in the basement of Tassagart House in Saggart, where Jim Mansfield Jr. lived.
The attorney also said that due to the nature of the items discovered on the property, 10 Coldwater Lakes have been occupied and under the control of Daniel Kinahan since 2014.
Efforts to serve orders to Kinahan have not yet been successful, and the court has heard that this may have to be done through social media.
She applied to serve Thomas Kavanagh at HMP Prison in Norwich, where he is serving a 21-year sentence for drug trafficking.
Mansfield Jnr, the court said, is currently serving a prison sentence at Midlands Jail for attempting to pervert the course of justice in relation to the wrongful detention of his former security guard.
The Mansfield family was represented at the court hearing today, they agreed not to challenge the matter to the CAB and their attorney said they wanted the matter to be resolved quickly.
Mr Judge Michael MacGrath, sitting at Croke Park, ordered the CAB to transfer the property and cash to the Treasury.
https://www.independent.ie/irish-news/courts/jim-mansfield-jnr-given-suitcases-containing-45m-as-part-of-failed-property-investment-by-kinahan-cartel-high-court-41522221.html Jim Mansfield Jnr ‘given £4m suitcase as part of failed property investment by Kinahan cartel’ – High Court