The Times: IRA investigators follow money to Eastern Europe

08-10-2005

According to Saturday's edition of The Times, British financial investigators believe that the property empire built up by the IRA's chief of staff Thomas Murphy extends from Britain and Ireland into the economies of Eastern Europe, including the Czech Republic. Mr Murphy who has amassed a personal fortune estimated at 40 million pounds mainly from cross-border smuggling, is alleged to have begun laundering his money by investing in property and legitimate businesses in Bulgaria, Spain, Slovenia and also the Czech capital Prague.