NewsCrime Desk

Kinahan gang thug Rice linked to gangland banker shooting

Paul Rice
Paul Rice

Mob enforcer Paul Rice is believed to be behind the shooting at a house in West Dublin this week where a ‘gangland banker’ lives with his young family.

The man, who invests dirty money for both sides of the Kinahan-Hutch divide, refused to make a complaint to Gardaí, but terrified neighbours reported the incident in the south Dublin area after bullets were fired from a transit van on Thursday.

Gardaí believe that the Kinahan Cartel had invested money with the ‘banker’ so it could be washed, but now want it back as they are squeezed for cash.

The shooting comes as the cartel faces financial ruin as a result of pressure being applied by Gardaí since the feud kicked off.

A seizure of €350,000 of cash in vacuum-packed bags seized on the M1 motorway earlier this week is suspected of being mob money collected over the past few weeks and destined for Christy Kinahan Snr’s depleting coffers.

Gardaí have established the mob’s cash route through Larne, into Scotland and then down to Birmingham, where it enters accounts through the car sales market.

Follow-up searches were made in Dublin and Cavan. In Tallaght, a vacuum-packing machine was discovered and during a search in Bailieboro, Zopiclone tablets with a street value of more than €10,000 were seized.

Further searches netted a number of high-powered weapons, which were found in the Tallaght area, which are also believed to have belonged to Rice.

He is operating under the direct orders of the Dapper Don, who has told him to get back on the streets and re-establish his feared reputation. The mob’s chief enforcer had been in hiding since the Regency Hotel shooting and has been served with a number of Garda Information Messages (GIM) to say his life is in danger.

The Sunday World understands that the mob have been trying to take over the steroid market in Ireland and have been developing crystal meth and their own ecstasy tablets.

A large portion of a massive €1.4 million ‘heroin’ seizure at the beginning of the month has now been tested and has been discovered to be a major component in steroids.

Gardaí believe the drugs belonged to the mob’s chief supplier in the south inner city Greg Lynch. More than €10,000 worth of cannabis herb was also seized.

Greg Lynch