€150 million seized by CAB since its establishment
Sinn Féin Justice Spokesperson Aengus Ó Snodaigh TD has revealed that approximately €150million has been seized by the Criminal Assets Bureau since its establishment in 1996.
Deputy Ó Snodaigh said the money seized by CAB must be put back into the communities in which the criminals and drug dealers were operating in.
In reply to a Dáil question tabled by Deputy Ó Snodaigh it was revealed that CAB has seized €128million in assets, €14million from social welfare fraud and €12million in cash from criminals.
Speaking today Deputy Ó Snodaigh said:
“With the exception of the social welfare fraud the vast majority of the money seized by the Criminal Assets Bureau has been extracted from the communities in which the criminals have been active. It must therefore be returned to these communities.
“Sinn Féin has always advocated that any money seized by CAB be ring-fenced and put back into communities to tackle disadvantage and in particular to fund prevention, treatment and rehabilitation services in the fight against drugs.
“At a time when we are witnessing significant increases in drug dealing and abuse we are also seeing funding cut for vital drug projects. This will have a detrimental impact on these communities.
“I am calling on the Minister for Finance to use the money seized by CAB to reverse the cuts and increase funding to community and drug projects throughout the state.
“I believe that all money seized by CAB should be pumped back into the communities in which the criminals were most active.” ENDS