A LIMERICK city man has pleaded guilty to charges relating to the seizure of almost €1.5m in cash which was found buried on farmlands near Castleconnell 18 months ago years ago.
At Limerick Circuit Court this Thursday, John Duffy, aged 55, of Shanabooley Road, Ballynanty, admitted possession of €1,494,430 at Portcrusha, Montpelier on December 14 2013, knowing it was the proceeds of crime.
The single charge under the provisions of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 carries a maximum sentence of 14 years imprisonment.
Previously, it was revealed the money was seized by gardai following a lengthy intelligence-led operation, targeting organised crime in Limerick city.
In addition to the cash which was found buried in the ground, a significant amount of cash was also discovered in a container, which is located on the farmlands.
A mechanical digger was also found during the search operation, which was led by members of the divisional drugs unit.
The defendant, who first appeared in court last November, will be sentenced on October 1, next.