Daily Ireland

Caught in the crossfire

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The well-known businessman and political advisor Phil Flynn has resigned several prestigious private and public postings after being caught up in the money-laundering investigation being undertaken by the Garda.
Speaking to Daily Ireland last night, the former trade union leader and government-appointed troubleshooter, said he had stepped down as Chairman of the Bank of Scotland (Ireland) and resigned his position as the chair of the Irish Government committee overseeing the decentralisation of civil service departments.
The move comes after it emerged that a finance firm part-owned by Mr Flynn is under investigation by gardaí probing an alleged money-laundering operation.
Yesterday a dissident republican was charged with offences arising from the investigation. Phil Flynn said he had been “caught in the crossfire" of the Garda investigation.
Mr Flynn confirmed yesterday that he recently travelled to Bulgaria on a business trip with a man arrested by gardaí in Farran, County Cork, on Thursday.
Over £2.4m (€3.5m) has been recovered by Garda since the operation began on Wednesday night.
The 61-year-old is a close political adviser to Taoiseach Bertie Ahern and currently heads up a powerful committee overseeing the roll-out of the national decentralisation programme. Mr Flynn has been a strong supporter of the Daily Ireland project since its inception though he does not serve as a director. He was also a Vice-President of Sinn Féin in the 1980s.

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