Cork man pleads guilty to two counts of money-laundering after Northern Bank robbery

Ted Cunningham

A 65-year-old man has changed his plea to guilty on the fourth day of his trial for money-laundering arising out of the Northern Bank robbery.

Ted Cunningham of Woodbine Lodge, Farran, Co Cork had denied a total of nine counts of money-laundering sums totalling just over £605,000.

But this morning, the financial adviser pleaded guilty to two counts of money-laundering and to receiving three cheques totalling €200,000.

The charges state that Mr Cunningham committed money-laundering on both occasions by knowing that the monies involved were the proceeds of the Northern Bank raid.

The DPP accepted the pleas.

Almost £27m was taken in the raid on the Northern Bank Cash Centre in Belfast in December 2004.

Mr Cunningham will be sentenced next Friday.

You might also like

Most Read in Ireland