A London-based Irish businessman has agreed to pay more than £18m to criminal
assets recovery agencies in Britain and Ireland following long-running
investigations into allegations of ‘carousel fraud’.
Dylan Creaven, 32, originally from Ennis in County Clare, will pay the money
as well as hand over four racehorses and a villa in Marbella, Spain to the UK’s
Assets Recovery Agency (ARA) and Ireland’s Criminal Assets Bureau, according to
Creaven founded Silicon Technologies Europe Ltd, while in his twenties, and the
company has offices in Boston and Singapore.
The deal follows years of legal proceedings and is the biggest haul yet
achieved by the UK and Irish recovery agencies.
In May last year a jury at Blackfriars Crown Court found Creaven not guilty
of organising what was described as Britain’s biggest VAT fraud.