Property developers move land ownership offshore to dodge CAB

Developers who have been implicated in the bribes for rezoning scandal may be transferring ownership of their companies to offshore companies.

29th July, 2006

Developers who have been implicated in the bribes for rezoning scandal may be transferring ownership of their companies to offshore companies.

A number of the state’s largest developers are believed to have sought legal advice after the Criminal Assets Bureau (CAB) obtained a High Court order last week to freeze land owned by Jackson Way Properties.

It is claimed the land, worth €61 million, was rezoned through corrupt means. The lands at Carrickmines,...

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