Belfast Telegraph

IRA's counterfeiter Richard Molloy gets his prison sentence slashed

By Shane Phelan

A man jailed for six years for selling counterfeit banknotes for the IRA has had his sentence reduced by the Republic's Court of Appeal.

Kildare printer Richard Molloy ran a sophisticated counterfeiting operation and around €2m (£1.7m) in fake notes, of varying quality, were discovered by detectives at a premises he was leasing.

He was sentenced to six years in prison last year after pleading guilty to counterfeiting currency.

But the Court of Appeal decided to reduce the sentence by six months. It also suspended the final 18 months.

The changes effectively cut Molloy's prison time by a third.

The case arose out of a surveillance operation on suspected IRA members.

Detectives swooped on Molloy (45), of Kilmeague, Naas, Co Kildare, after he sold €20,000 (£17,000) in counterfeit notes for €2,200 (£1,900) to a man in a Dublin pub in February 2014.

A trial heard Molloy started counterfeiting after the downturn affected his printing business.

Gardai accepted Molloy was not a member of the IRA, but knew the people he was producing the notes for were members of, or involved with, the IRA.

In a judgment by Mr Justice John Edwards, the appeal court found that the original sentencing judge had not indicated a starting point to be considered for the jail term or what allowance was being made for mitigating factors.

Belfast Telegraph

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