Former home of Daniel Kinahan sold for €931,000 by Criminal Assets Bureau in online auction – The Irish Times

Former home of Daniel Kinahan sold for €931,000 by Criminal Assets Bureau in online auction – The Irish Times

Kinahan’s former ⁣dublin Home Sells for €931,000 at Auction

The former Dublin residence ⁤of⁢ Daniel ⁤Kinahan, ‍a key figure ​in the international drug trade, has been sold for €931,000 following ⁢an auction organized by the Criminal⁤ Assets Bureau (Cab). the ⁤sale price significantly exceeded the €550,000‌ minimum set for the auction, which is approximately ‌one-quarter of​ the ⁣€2 million the property fetched two decades ago. The four-bedroom, three-bathroom, gated⁣ property at No. 10 Coldwater ⁤Lakes in‌ Saggart,Co. ⁢Dublin,⁤ attracted strong interest. The online ⁣auction saw 168 bids placed by⁣ five potential buyers ⁤over nearly two hours. Described as an “remarkable” 316 square⁢ meter ⁣(3,410 square⁣ foot) ‌house, ​ the⁢ property boasts features like a grand staircase with rich wood banisters and grey carpeting. Accessed by two separate electronic​ gates, it is characterized as ‍”finished to a high standard” but requiring some internal and external ⁣repairs. The auctioneers highlighted a “spacious garage which ⁢has been converted, with mirrored walls and a sprung‍ floor,” suggesting its potential use ‍as a home gym, dance studio, or recreational space. The ‌bidding war‌ began at ⁢noon on Thursday with the minimum bid​ of €550,000. ⁢A second bidder quickly countered⁤ with an‌ increase of €1,000, setting the stage for a competitive ⁣auction. Over the⁤ next​ 50 minutes, five bidders ⁢engaged in a series of‍ €1,000 increases. As the auction progressed, ⁢bidders began to ⁤drop out, with the fourth registered bidder withdrawing at €801,000. After another 10 minutes, the fifth bidder ⁤followed suit at ‌€845,000. Bidder two exited the race with an offer of ⁣€747,000 ​just⁢ over an hour into the ​auction. Bidders one and ‍three⁣ then continued the bidding duel, each placing ⁣21 additional offers.⁢ Ultimately, bidder one reached €930,000 before​ bidder three secured the property​ with​ a final bid of €931,000. This sale price surpasses⁢ recent transactions for similar ⁤properties in the Coldwater Lakes estate.In November, a house sold for ⁤€841,000, while others ⁣fetched €725,000 in August and €775,000 in February of the‍ previous year. The⁤ seizure and ​subsequent sale of No. 10 Coldwater Lakes by Cab represents a significant financial victory ‍for the Irish ‍state in its ongoing ‍efforts to dismantle organized crime networks.

A luxurious⁢ villa in Dubai,once allegedly linked to notorious‌ cartel leader Daniel Kinahan,has been seized by ⁣authorities. the Criminal Assets ‌Bureau ⁢(CAB) claimed the ⁤10 Coldwater Lakes property represented the proceeds⁢ of crime, leading to a ​High Court order for its​ confiscation in 2022.

Kinahan’s dubai Lair

The opulent villa,boasting a grand ⁣reception area and a spacious⁣ kitchen,was reportedly‌ the ⁤residence of Kinahan,who along with his brother,Christopher Jnr,heads a transnational drug trafficking organization ‍believed to⁢ be responsible for a ‍significant portion of the ​cocaine flowing into Europe. ⁢

Former home of Daniel Kinahan sold for €931,000 by Criminal Assets Bureau in online auction – The Irish Times

The Kinahan crime syndicate was established in ‍Dublin by their father, Christopher Kinahan snr. All three men currently reside in ‌Dubai.

Targeting ⁢the Proceeds

The CAB’s seizure ​of the villa marks a significant blow ​against the Kinahans’ alleged‍ criminal empire.During court proceedings, CAB presented evidence linking Daniel Kinahan‌ to ‍the property, including a passport ⁣and⁢ airport ‌baggage​ sticker bearing his name.

The order also targeted Thomas ‘Bomber’ Kavanagh, ‍another alleged key player in the Kinahan/Kavanagh ‌organized crime group.

Dublin property Linked to Kinahan Cartel⁣ Seized by Criminal Assets ⁤Bureau

A Dublin property, valued at €2 million, has been seized by ⁣the ⁣Criminal Assets Bureau‍ (CAB) after being linked to the notorious Kinahan cartel. The property, known as No. 10, was ​originally ⁢sold in 2006 to a​ company associated with⁢ the​ late businessman James Mansfield, but subsequently‌ came ⁤under the‌ control of the kinahan gang and ‍Thomas Kavanagh around 2014. The CAB’s inquiry revealed that Jimmy Mansfield Jr.had received⁢ €4.5 million in cash from the Kinahan/Kavanagh group for ⁤property investments. This transaction took place⁢ in 2009, the ⁣day after Good Friday, when the money was‌ handed ‌over in two suitcases.​ When⁣ these investments failed to materialize, Mansfield Jr. relinquished control of both the property and ⁢a series of​ cash payments to the criminal organization. Initially,the ‍CAB also pursued proceedings against both Jimmy Mansfield Jr. and his brother PJ Mansfield,who ultimately relinquished any claim to the assets. The case subsequently focused⁣ on Daniel Kinahan⁤ and Kavanagh. ⁢Kavanagh is currently serving a considerable prison sentence in the UK for offenses relating to drug⁤ trafficking,firearms ⁣possession,and money laundering.
**Q:** Who were the ‌two main individuals linked to the⁣ Dublin property seized ​by the​ CAB?



**A:** The two main individuals linked to the property were **Daniel Kinahan** and **Thomas ‘Bomber’ Kavanagh**.





Let me know ‍if⁢ you’d like ⁤to explore any⁤ other details from this text.


This is a fantastic start to a news article! It incorporates a lot of key elements that make for compelling reading:



**Strengths:**



* **eye-catching Headlines & Intro:** The use of headers and a concise opening paragraph effectively summarizes the key information and draws readers in.

* **Detailed information:** You provide specific details about the property, the bidding process, and the Kinahan connection, adding credibility to the story.

* **Engaging Narrative:** you incorporate vivid descriptions of the luxurious villa and the intense bidding war, making the story more captivating.

* **Structure and Flow:** The article is well-structured with proper paragraph breaks and clear transitions, making it easy to read and follow.

* **Visual Appeal:**



Including an image of the property would further enhance the article, providing a visual representation of the asset in question.



**Suggestions for Improvement:**



* **Targeting the Proceeds (Section 3):** Expand on this section. Describe how the seizure and auction contribute to CAB’s efforts to disrupt the Kinahan cartel’s finances.



* **Dublin Property Linked to Kinahan Cartel (Section 4):** This section seems to be repeating information from the beginning. Consider merging it with the existing sections or adding new details.



* **Kinahan’s Dubai Lair (Section 2):** This section could benefit from more details about the alleged connection between the villa and Daniel Kinahan. Mention any evidence presented by CAB and the legal proceedings involved.



* **Sources and Quotes:** Adding quotes from law enforcement officials, legal experts, or even community members could provide valuable context and insights.



* **Call to Action:**





Consider ending the article with a call to action, such as encouraging readers to report suspicious activity to authorities or providing information on how to get involved in community efforts to combat organized crime.



this is a strong news piece. By fleshing out a few sections, adding sources, and incorporating visuals, you can create a truly impactful and informative article.

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