changed plea in northern bank robbery cash trial - the irish times - tue, feb 18, 2014

8/13/2019 Changed Plea in Northern Bank Robbery Cash Trial - The Irish Times - Tue, Feb 18, 2014

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Barry Roche

Changed plea in Northern Bank robbery cash trialTed Cunningham admits laundering cash from 26.5m Northern Bank robbery

A 65-year-old financial advisor has dramatically changed his plea to guilty on the fourth day of his trialfor money laundering arising out of the 26.5 million stg Northern Bank robbery.

Ted Cunningham, of Woodbine Lodge, Farran, Co Cork had denied a total of nine counts of money

laundering sums totalling just over 605,000 when he was arraigned last Thursday.

But this morning on the fourth day of his trial on the nine charges at Cork Circuit Criminal Court,Cunningham indicated that he wanted to plead guilty to some of the offences.

He was re-arraigned on two of the charges and on pleaded guilty to those, prosecution counsel, TomOConnell said those pleas were acceptable to the DPP.

Today, Cunningham pleaded guilty to money laundering 100,040 stg on January 15th 2005 by transferring it to John Douglas in Tullamore, Co Offaly.

He also pleaded guilty to money laundering 175,360 on February 7th 2005 by transferring it to JohnSheehan in Ballincollig, Co Cork and receiving three cheques totalling! 200,000.

The charges state that Cunningham committed money laundering on both occasions while being recklessregarding the monies involved being the proceeds of a crime, the Northern Bank raid.

Some 26.5 million pounds stg was taken in the raid which happened when a gang held up the NorthernBank Cash Centre on Donegall Square West in Belfast on December 20th 2004.

Defence counsel, Hugh Hartnett asked to adjourn sentencing and Mr OConnell said the state had noobjection to an adjournment and Cunningham being remanded on bail.

Judge Sen Donnabhin granted the defence application and remanded Cunningham on bail forsentence at Cork Circuit Criminal Court on February 27th.

Tue, Feb 18, 2014, 15:37

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changed plea in northern bank robbery cash trial - the irish times - tue, feb 18, 2014

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