IBEC welcome fuel laundering find

Fuel laundering is a common problem

Retail Ireland, the IBEC group that represents the retail sector, today welcomed the discovery of a huge illegal fuel laundering plant near Virginia, Co Cavan. The plant had a capacity so large that the State was being deprived of €5m per year in lost revenue.

Retail Ireland estimates that the illegal fuel trade is costing the Exchequer at least €150 million in lost taxes every year. The group believes that at least 12% of all diesel sold in Ireland is illegal.

Retail IrelandChairman and Topaz Retail Director Frank Gleeson said: "We congratulate Revenue and the Gardaí on their success, which follows seizures last year in Dublin, Galway, Roscommon, Westmeath, Offaly and earlier this year in Louth. As well as depriving the State of much needed revenue , illegal plants like this are an environmental hazard, polluting local water with harmful consequences for livestock. Illegal diesel is also seriously damaging to cars.

TAGS: IBEC, fuel, laundering

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