A man who was arrested in Donegal on Tuesday over alleged property registration fraud has been released.
Gardaí attached to the Garda National Economic Crime Bureau (GNECB) and Dundalk Garda station arrested the man, aged in his 40s, in relation to an ongoing investigation into property registration fraud.
The man was released without charge late last night and a file will now be prepared for the Director of Public Prosecutions.
Gardaí confirmed that investigations are ongoing into a fraud of up to €20million. The case involves the use of fraudulent documentation to remove mortgage charges held by Financial Institutions on properties, thus allowing the sale of those properties without repaying the mortgages. In this case, mortgage charges were removed from 12 properties, with 6 of these properties being sold. This is the 12th arrest as part of this investigation.
