Cocaine-abusing banker laundered cash for drug gang8th August,2017
A Dublin banker and cocaine user laundered tens of thousands of euro for a criminal gang because he feared for his life, a court has been told.
Former bank official Fiach Punch claimed he had been forced to open an account for laundering money as he was in fear for his life after being assaulted over a cocaine debt.
Punch (38) opened up the Bank of Ireland account in late 2015 and a cheque for more than €19,000 was later lodged into it.
He claimed he never saw the cheque, but simply opened the account and handed over the ATM card and PIN to another individual.
Punch claimed he was living in fear at the time because he had been assaulted and his ribs had been broken over the debt.
He also claimed that unnamed individuals knew he had a history of working in a bank and thought they could use his knowledge of banking systems.
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