The Criminal Assets Bureau has won a High Court judgement against a Dublin man for nearly £2m in income tax and interest. In the course of the court proceedings, a CAB officer named Gerry Hutch as the main suspect in a number of armed robberies. Mr. Hutch, known widely as The Monk was not in court today when Mr. Justice Fredrick Morris awarded the judgement against him, which covered income tax and interest covering an eleven-year period. He must also pay the legal costs.

During earlier court hearings in this case the Criminal Assets Bureau stated that they are investigating the whereabouts of over £4m, which it suspects are the proceeds of criminal activities by Mr. Hutch. He is suspected of involvement in the armed robbery of nearly £3million at the Brinks Allied Security deport at Clonshaugh in Dublin in 1996 and a £1.7m pounds robbery from an armed security van in Marino. The CAB's suspicion is that Gerry Hutch was the leader of a gang involving four other core people.

An officer told the court that they hoped the end result of their investigations would be to the pot of gold hidden away in properties and bank accounts. The deeds of four properties in Dublin have already been seized. These properties are in the names of members of Mr. Hutch's immediate family and he claimed that they were financed though legitimate means, mainly through settlements of personal injuries actions. Today, the Hugh Court rejected his four grounds of defence and awarded judgement and cost against him. He may appeal this decision to the Supreme Court.