Belfast court freezes assets of alleged fuel smugglers

01/02/2006 - 07:34:44
The High Court in Belfast has frozen £700,000 (€1m) worth of assets belonging to two alleged fuel smugglers from south Armagh.

The assets include several properties in Co Armagh and Co Louth, as well as money in a range of bank accounts.

The Assets Recovery Agency claims the cash and property are the proceeds of fuel smuggling and the evasion of excise duty and VAT.