George Redmond has had his conviction for corruption quashed by the Court of Criminal Appeal.
The 80-year-old former Assistant Dublin City and County Manager was jailed for one year last December after being convicted of accepting a £10,000 bribe from garage owner, Brendan Fassnidge.
The appeal court said today that had the new evidence of bank records been available to the trial's jury, there was at least a very strong possibility that this evidence would have raised a reasonable doubt in the jury's minds.
The court considered the conviction unsafe and unsatisfactory and quashed Mr Redmond's conviction on both charges.
The court decided that since Mr Redmond had served virtually the whole of his sentence it would be wrong to order a retrial.
Mr Redmond was still in the cells attached to the Four Courts when the Appeal Court was announcing its ruling.
As he emerged, he smiled but refused to make any comment to the large group of waiting media.