A businessman has been prosecuted in relation to a multimillion euro mobile phone fraud scheme, and he has appeared in court, reports RTE.
Ivy Exchange, Parnell Street, Dublin 1 resident Chengwen Guo, 41, is the owner of many cell phone stores.
He is accused of money laundering three times.
Investigator Garda Dublin District Court was informed by Conor Cadogan that the accused individual did not respond to the charges last night, reports RTE.
The allegations concern three amounts of money that were taken into custody in January 2022: €6,515 from an Audi Q7 belonged to the defendant; €143,245 from his home address; and €20,700 from Murray’s Mobiles, a phone store he operated on Main Street in Dundrum, Dublin 14.
According to Mr. Cadogan, the money was taken into custody as part of an ongoing, multi-year investigation into an alleged scam in which fake Apple iPhones were shipped from China, claimed to be under warranty, repaired in this country, and then swapped for real iPhones that were shipped back to China, reports RTE.
According to Mr. Cadogan, the scam was worth €9.7 million.
Conor Ruane, the defence attorney, explained to Judge David McHugh during his bail application that his client had strong links to Ireland because his wife and several of their children are nationals of that country.
Judge McHugh denied bail, concurring with the gardaà that the gravity of the accusations raised the possibility of escape.
Remanded in jail, Chengwen Guo is scheduled to appear in Cloverhill District Court on Wednesday, September 18, reports RTE.
Tell us your thoughts in the Facebook post and share this with your friends.
