A 25-year-old student has been charged in connection with a €1.4 million money laundering probe.
Cheng Yu of Roebuck Castle, Clonskeagh in Dublin 14, has been charged with four offences under the Criminal Justice (Money Laundering and Terrorist Financing Act).
He is from China but has been living in Ireland for the past two years and is an economics student at UCD.
He is accused of laundering sums totalling €137,090, from 11 September until 2 November this year in two Bank of Ireland accounts in Dublin.
Detective Garda Tom Victory told Judge Bryan Smyth at Dublin District Court that these were sample charges in relation to the investigation into €1.4m in lodgements.
Further charges could be brought, he told the bail hearing.
He said it was alleged documentation in a number of names was found at the accused's address. He told the court the accused was a flight risk.
Detective Garda Victory alleged a letter was found claiming to be from a high end diamond dealer in Co Louth mentioning that lodgements of €30,000 were to be expected.
However, the letter did not look professional and had typographical errors.
Defence solicitor Donal Quigley asked the court to note it could only consider the charges before the court.
His client, who listened to the proceedings with the aid of an interpreter, would abide by bail conditions and would surrender his passport, the solicitor submitted.
Judge Smyth set bail in Mr Yu's own bond of €500 with an independent surety of €12000.
Once bail has been taken up he must not apply for new travel documents having surrendered his passport already, he has to be contactable by mobile phone and reside at his current address in Dublin.
He was remanded in custody with consent to bail to appear at Cloverhill District Court on 11 November.
Legal aid was granted to Mr Yu who has not yet indicated how he will plead.