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fictitious expenses Accountant and brother charged in €1.2m money laundering case

Vipul Dhoot (35), of Hallwell Place, Lucan, Co Dublin, was charged with 10 counts of stealing sums totalling €293,803 on dates last year, from a city-centre firm where he held a senior position

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Rajeesh Dhoot outside court

Rajeesh Dhoot outside court

Rajeesh Dhoot outside court

An accountant and his brother have been charged with theft and money laundering after almost €1.2m in fictitious expenses was "syphoned" from a financial services firm in Dublin.

Vipul Dhoot (35), of Hallwell Place, Lucan, Co Dublin, was charged with 10 counts of stealing sums totalling €293,803 on dates last year, from a city-centre firm where he held a senior position.

His younger brother, Rajeesh Dhoot (29), with an address at St Patrick's Court, Clanbrassil Street, Co Dublin, was charged with six counts of possessing €46,000 in crime proceeds.

They were arrested following an investigation by the Garda National Economic Crime Bureau.

The brothers, who are originally from India but living and working in Ireland for a number of years, appeared before Judge Brian O'Shea at Dublin District Court yesterday.

Detective Garda Ronan objected to bail for Vipul Dhoot citing the seriousness of the case and flight risk concerns.

The charges before the court represented a sample and the full investigation related to the theft of close to €1.2m from January 2019 until November last year, he told Judge O'Shea.

It was alleged Vipul Dhoot claimed fictitious expenses to be paid to a service provider which was legitimately used by his accountancy firm.

He agreed the case against Vipul Dhoot was that money was syphoned off and transferred mostly into a bank account in India, an account of his co-accused and also two other people.

The investigation resulted in the accountant's home being searched and recovery of documentation and computer data, the contested bail application was told.

The detective said earlier this year Vipul Dhoot had surrendered his passport to gardaí.

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However, he alleged the accused later tried to apply for a new one claiming he lost his passport. He disagreed with defence solicitor Brian Coveney that this related to a driving licence.

Pleading for bail, Mr Coveney said his client would not face trial until the end of 2023 or perhaps the following year.

He said Vipul Dhoot had ties to this jurisdiction and a permanent address in the State.

Judge O'Shea refused to grant him bail and remanded the accountant in custody pending the preparation of a book of evidence.

He will face his next hearing at Cloverhill District Court on Friday.

Detective Garda Laura Barton told the court that co-defendant Rajeesh Dhoot was charged with six counts of money laundering.

It related to €46,000 out of €70,000 that was allegedly transferred to him, the judge noted.

There was no objection to his bail but he was ordered to surrender his passport, not leave the State, provide gardaí with a contact phone number and sign on daily at a garda station.

He was told he must appear again at the district court in September to be served with a book of evidence.

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