A former building society manager has appeared in court charged with laundering more than €1.1 million.
Former EBS Marino manager, Shane Sutton (42), Howth Road, Clontarf, Dublin, faces 45 counts of money laundering under Section 31 (3) of the Criminal Justice Act 1994 and three under the Theft and Fraud Offences Act, 2001.
It is alleged he handled sums of money knowing or believing it directly or indirectly represented another person's criminal activity between December 2000 and March 2003 by lodging it in an account in his own name.
It is also alleged the beneficiary of this was Sean Dunne.
Garda Sondra Cullen, Criminal Assets Bureau, told Dublin District Court she arrested Mr Sutton at the Bridewell Garda Station today.
Gardai did not object to bail but sought a substantial independent surety given the seriousness of the charges and the likely prison sentence if convicted.
His solicitor, Darragh Robinson, asked that he be given his own bail because he had met gardai by appointment for his arrest yesterday and had made himself available to gardai since he was first interviewed in February 2004.
Judge William Hamill said given the amount of money involved in the allegations, he would set Mr Sutton's own bail at €1,000 with an independent surety of €50,000 or a cash lodgement of €50,000.
He remanded him in custody with consent to bail as set to appear again on October 18th.