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.

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