first_img Short URL Image: tree image via Shutterstock By Michelle Hennessy Image: tree image via Shutterstock Two men arrested over €5 million land and forestry fraud Gardaí said a significant amount of money held in Irish banks has been frozen. 5 Comments 23,403 Views Feb 7th 2017, 7:33 AM Tuesday 7 Feb 2017, 7:33 AM Updated 8amTWO MEN HAVE been arrested over investment fraud offences and money laundering offences involving up to €5 million.The alleged fraud relates to an investment scheme in which the same plot of land was sold to multiple people and false documents were provided to investors. Sources say investors outside Ireland handed over tens of thousands of euro for the plots.Both men, who are in their 40s, were arrested yesterday in Dublin and Wicklow and are currently detained at Dun Laoghaire and Bray garda stations. The man held in Bray is due to appear before Dun Laoghaire District court this morning charged in connection with the investigation.As part of this investigation the Garda National Economic Crime Bureau has frozen a significant amount of money held in Irish banks.Gardaí say investigations are continuing.Comments have been closed as one of the men is due before the courts. Read: Dublin man who fraudulently obtained mortgage on his parents’ house avoids jail> Share8 Tweet Email1 http://jrnl.ie/3226544 Tweet thisShare on FacebookEmail this articlelast_img