Daniel Kinahan deals another blow as UAE freezes his bank accounts
CARTEL boss Daniel Kinahan has received another blow with the freezing of his assets by the United Arab Emirates.
inahan has been hiding in the gulf state for the past few years, knowing that they have no extradition agreement with ireland.
However, the UAE has now struck its own blow after the United States offered a $5million reward to anyone who helps disrupt its drug trade.
According to the Financial Times, authorities in the United Arab Emirates now say they are investigating the Kinahan criminal gang with officials in Ireland, the United States, the United Kingdom and Spain.
“The competent authorities cooperate closely on cases involving foreign elements, in accordance with the UAE’s international commitments and the national legal framework to combat illicit activities,” the government said.
The asset freeze would affect all personal and corporate bank accounts, a person briefed on the matter in the UAE said.
Gardaí estimates that the criminal enterprise is worth more than one billion euros.
Daniel Kinahan has repeatedly denied any involvement in organized crime and has in recent years tried to establish a reputation as a major player in the boxing world.
Many big names in boxing, including world heavyweight champion Tyson Fury, have boosted their work with Kinahan.
However, Fury said this week that the sanctions announced by US authorities “had nothing to do with me” and said he had “absolutely no” business with the alleged crime boss.
Yesterday, MTK Global, the boxing company founded by Daniel Kinahan, announced it was ceasing operations a week after US authorities confirmed sanctions against the crime boss.
A statement from MTK Global read: “As a company, we have faced unprecedented levels of scrutiny and unfair criticism since the US government sanctioning of Daniel Joseph Kinahan.”
Last week, US Ambassador to Ireland Claire Cronin said the Kinahan gang had committed “heinous” crimes around the world, including murder and gun trafficking.
“Today, the United States Department of State is pleased to announce a reward of up to five million dollars for information that will lead to financial destruction or the arrest and conviction of leaders “said Ms. Cronin.
“We want to send a clear message to transnational organized crime groups that the United States will continue to work with its partners and do everything possible to disrupt their operations and bring their leaders to justice, wherever they are.”
The United States is offering $5 million for information that will lead to the “financial destruction” of the Kinahan gang or the arrest and conviction of its leaders, Christy Kinahan Snr and/or her sons Daniel and Christopher Jnr.
Kinahan’s associates, Sean McGovern, Ian Dixon, Bernard Clancy and John Morrissey, were also named and sanctioned by the US Department of the US Treasury’s Office of Foreign Assets Control (OFAC).
A number of companies have also been identified as being associated with the Kinahan operation.