{"id":459242,"date":"2026-04-29T07:04:15","date_gmt":"2026-04-29T07:04:15","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/459242\/"},"modified":"2026-04-29T07:04:15","modified_gmt":"2026-04-29T07:04:15","slug":"spanish-authorities-freeze-gerry-hutchs-property-assets-as-part-of-money-laundering-investigation-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/459242\/","title":{"rendered":"Spanish authorities freeze Gerry Hutch\u2019s property assets as part of money-laundering investigation \u2013 The Irish Times"},"content":{"rendered":"

Spanish<\/a> authorities have frozen Gerry Hutch<\/a>\u2019s property assets in the country as part of an ongoing money-laundering investigation into the gangland figure, who plans to run in a byelection in Dublin next month.<\/p>\n

The revelation<\/a> comes as Hutch refused to detail the extent of his property holdings in advance of the May 22nd Dublin Central<\/a> byelection, which he said he plans to enter as an Independent candidate.. <\/p>\n

Hutch, who has made millions of euro over the years from property investments, told The Irish Times that he would only disclose his assets if elected, though he suggested he may be the wealthiest TD in the D\u00e1il if he wins a seat.<\/p>\n

Since 2015, Hutch (63) has lived almost full time on the Spanish island of Lanzarote.<\/p>\n

Documents obtained by The Irish Times show Hutch owns three properties in Spain, including a three-bedroom villa in the town of Puerto Del Carmen in Lanzarote where he spends eight months of the year.<\/p>\n

The house, which sits on a 147sq m plot, also has access to a 424sq m \u201cprivate garden\u201d.<\/p>\n

He purchased the property with his wife with a mortgage of \u20ac264,000 in 2017 at the height of the feud between the Hutch organised crime group, a gang which the Special Criminal Court<\/a> said he leads, and its rival, the Kinahan organised crime cartel<\/a>.<\/p>\n

Gerry Hutch\u2019s assets: On the trail of a Dublin gang leader turned politician<\/p>\n

\"GerryGerry Hutch in Lanzarote where he lives for most of the year. Photograph: Enda O’Dowd The Irish Times visited Lanzarote as part of an investigation into Hutch\u2019s property interests. In an interview, the veteran criminal talks about his \u2018exaggerated\u2019 property holdings, hope of becoming the \u2018richest\u2019 TD and confidence of being exonerated in a Spanish criminal investigation. Read the full story here<\/b><\/a>. <\/p>\n

Records show Hutch also owns a \u201cpenthouse\u201d apartment in Fuengirola on mainland Spain, close to where he was detained by Spanish police in 2021 while being pursued for the 2016 Regency Hotel<\/a> attack in north Dublin, in which Kinahan gang member David Byrne was killed by the Hutch group.<\/p>\n

\"\"Hiking, selfies and looking over his shoulder: Gerry Hutch\u2019s life in Lanzarote<\/p>\n

The records show that in October 2024, a court in Arrecife in Lanzarote imposed \u201cpreventive seizures\u201d on all three properties. The orders are linked to a money-laundering investigation targeting Hutch and nine others, including his son Jason Jamie Murphy.<\/p>\n

[\u00a0Attempted murder of Gerry Hutch to be included in case against Daniel KinahanOpens in new window<\/a>\u00a0]<\/p>\n

The orders prevent Hutch from selling the properties until the case against him concludes. If he is convicted, part or all of his holdings could be seized by the Spanish courts.<\/p>\n

It is not clear if the money-laundering investigation will proceed to a full trial. <\/p>\n

Hutch spent about two weeks in custody in Lanzarote before being released on bail and permitted to return to Ireland to contest the 2024 general election. Last February his \u20ac100,000 bail deposit was returned to him by the courts.<\/p>\n

In March, Spanish prosecutors returned to the court and asked the judge to revoke the order sending Hutch for trial. The court complied and ordered that the case be returned to the investigation stage to allow prosecutors to gather more evidence.<\/p>\n

The reversal in sending Hutch for trial and the return of the bail money are strong indicators the case against him will not proceed, according to Spanish sources. <\/p>\n

The investigation centres on allegations Hutch provided money-laundering services to a group of alleged scammers who defrauded UK residents by convincing them to invest portions of their pensions. He denies the allegations.<\/p>\n

\"PuertoPuerto Del Carmen in Lanzarote, where Gerry Hutch has been living for 12 years. Photograph: Enda O’Dowd <\/p>\n

In Ireland, garda\u00ed<\/a> have completed a separate investigation into allegations Hutch was in control of a criminal organisation. The Director of Public Prosecutions is considering whether he should face formal charges.<\/p>\n

In an interview with The Irish Times in Lanzarote, Hutch said he was unconcerned about the criminal investigations and expected to be exonerated.<\/p>\n

He said he was \u201cnot really\u201d involved in the property business any more and that the extent of his holdings had been \u201cexaggerated\u201d. He declined to detail how much property he owns, but said he would disclose this information if elected to the D\u00e1il.<\/p>\n

\u201cI think that\u2019s private. If I\u2019m elected, it\u2019s not private,\u201d Hutch said.<\/p>\n

He speculated that he might be the richest TD in the D\u00e1il, if elected \u2013 a title reputedly held by Kerry Independent Michael Healy-Rae, who owns rental housing and guest house properties worth an estimated \u20ac5.6 million<\/a>.<\/p>\n

\u201cI\u2019d be happy to be wealthiest TD. I don\u2019t know. I\u2019d have to have a talk with the Healy-Raes,\u201d he said. \u201cWe\u2019ll open our piggy banks and see what\u2019s in them.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Spanish authorities have frozen Gerry Hutch\u2019s property assets in the country as part of an ongoing money-laundering investigation…\n","protected":false},"author":2,"featured_media":459243,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[956,9,10,106968,18,13,14,92241,6,19,17,55901,11,12,15,16,5,92240,383,55624,7,8],"class_list":["post-459242","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-an-garda-siochana","tag-breaking-news","tag-breakingnews","tag-dublin-central-constituency","tag-eire","tag-featured-news","tag-featurednews","tag-gerry-hutch","tag-headlines","tag-ie","tag-ireland","tag-kinahan-cartel","tag-latest-news","tag-latestnews","tag-main-news","tag-mainnews","tag-news","tag-regency","tag-spain","tag-special-criminal-court","tag-top-stories","tag-topstories"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116486725681582830","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/459242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=459242"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/459242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/459243"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=459242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=459242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=459242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}