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Theft probe Gardaí make fourth arrest as part of investigation into €1.1m invoice fraud

Operation Parade was set to investigate the theft of approximately €1.1m from a Dublin based company

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A fourth person has been arrested by gardaí attached to the Garda National Economic Crime Bureau (GNECB) as part of an ongoing investigation under Operation Parade.

A man, aged in his 20s, was arrested this morning and is currently detained at Blanchardstown Garda station under Section 50 of the Criminal Justice Act, 2007.

Operation Parade was set to investigate the theft of approximately €1.1m from a Dublin based company in November 2020 in an invoice redirect fraud.

Gardaí said the company in question had received an email which they believed to be from a trading company telling them that their bank account was changed and to send the money to a new bank account.

“In this instance with the co-operation of various banks approximately €1 million of this stolen money was recovered in various other bank accounts,” gardaí said.

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