A leading Northern Ireland estate agent was accused of money laundering today.
Philip Johnston (39) was charged by the same team of detectives investigating the financial affairs of ousted Ulster Defence Association boss Jim Gray.
Mr Johnston, who runs a network of branches across east Belfast, faced four charges, all connected to property, contrary to the Proceeds of Crime Act.
The estate agent replied not guilty to each alleged offence.
Mr Johnston, of Kings Road in the city, was held by detectives last Friday as they prepared to carry out searches at each of his office premises.
Det Sgt Raymond Cromie objected to an application for bail by the defence.
Mr Johnston was accused of money laundering through a house in the city and also two counts of taking part in an arrangement that involved the use of criminal property by, or on behalf, of another person.
In the fourth charge it was alleged that he failed to disclose as a member of the regulated sector information on a person he knew or suspected of money laundering. The alleged offences stretched back to July, 2001.
The accused was remanded in custody until Wednesday when a bail hearing is due to be heard.
PA