Gerry The Monk Hutch Faces €800k CAB Bill Following Home Raids

Gerry “The Monk” Hutch currently faces a significant financial issue with an unpaid tax bill of €800,000 following recent property searches. This situation arose after law enforcement conducted raids on his homes in Lanzarote and Dublin. The investigation relates to activities during the years 2006 to 2010.

CAB’s Involvement

The Criminal Assets Bureau (CAB) is a critical agency in this case. It plays a vital role in combatting organized crime in Ireland, particularly activities linked to the Kinahan and Hutch crime groups. CAB is a multi-agency organization that includes members from An Garda Síochána, the Revenue Commissioners, and the Department of Social Protection.

Background on Gerry Hutch

• Gerry Hutch has been a prominent figure in high-profile criminal cases in Ireland.
• He previously settled with CAB in 1999, addressing his earlier tax obligations.
• Hutch claimed to have legitimate business interests and insisted he is a victim of the system.

Recent Developments

Hutch was arrested in October during a series of high-profile raids coordinated by Gardaí and CAB. His previous residences included a property in Clontarf, which was also searched. Following his arrest, he faced charges related to money laundering but was later released on bail set at €100,000.

Political Aspirations

Following his release, Hutch attempted to secure a seat in Dáil Éireann. During the election campaign, he nearly won a seat in the north inner-city constituency, losing narrowly to Labour candidate Marie Sherlock.

Ongoing Investigations

The investigation into Hutch continues, with a focus on his financial dealings and property investments. Reports indicate that Hutch has accumulated substantial assets, particularly in Lanzarote.

Current Financial Situation

Hutch’s current unpaid tax bill to the CAB is projected at €800,000. He expressed during a podcast that the financial issue stems from a “tax bill for miscellaneous income.” Hutch suggested that such high-profile figures are often targeted in tax matters to encourage others to comply.

Recent Property Sales

Property transactions affiliated with associates of the Hutch crime group have also emerged. James “Mago” Gately’s home recently sold at auction for €308,000. In contrast, a residence belonging to Daniel Kinahan was sold for €930,000 last December.

As the investigation unfolds, Hutch’s financial and legal troubles continue to attract attention, signaling the ongoing efforts to dismantle organized crime in Ireland.