The Criminal Assets Bureau has reached a settlement with the family of deceased Dublin criminal Martin Cahill, who was known as The General.
The settlement, announced in the High Court this morning, involves the handing over of a house in Rathmines in Dublin, which is estimated to be worth about €900,000.
Frances Cahill, Martin Cahill's widow, retains a property in Dolphin's Barn. This is understood to be a derelict site once used by Cahill as a location to sell birdseed.
Mrs Cahill's sister, Patricia Lawless, retains a property at Swan Grove in Rathmines.
But the most valuable property owned by Cahill, at Cowper Downs in Rathmines, is to be handed over with all its fittings and fixtures to the CAB for sale on the open market.
Cahill brought the home at Cowper Downs in 1984, paying £80,000 in cash.
A sum of €175,000 from the sale of the house will be paid to the family.
Frances Cahill, her son Martin Junior, and Patricia Lawless were all in the Four Courts this morning as the final terms of the settlement were agreed.
The head of the Criminal Assets Bureau, Felix McKenna, said the settlement in the Cahill case was the end of a complex investigation that involved gardaí, customs, revenue and social welfare.
Since the CAB was established they have seized and disposed of over 21 properties including dwelling houses, businesses and a farm.
