Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Two quizzed over £26.5m Belfast raid

Deric Henderson,Pa
Wednesday 02 November 2005 07:09 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

They were held as part of a planned police operation in South Down, at Kilcoo near Castlewellan.

Nobody has been charged with the raid on the bank's HQ just before Christmas, which was blamed on the IRA by Chief Constable Hugh Orde.

But these arrests are believed to be considered a significant line of inquiry in the police investigation.

Kilcoo, where the two men were detained last night, is close to the area where a bank official's wife was held hostage as part of the operation to clear out the bank's cash vaults in the centre of Belfast.

Cash seized in Co Cork last February was linked to the raid, but virtually all of the missing millions is unrecovered.

Even though senior IRA men in Belfast were suspected of heavy involvement in the raid, detectives do not have enough evidence to charge them.

But according to security sources in Belfast, there is a firm belief that the inquiry team could, at some stage, bring to trial at least some members of the 30-man gang who played a peripheral role.

Last March the Northern was forced to replace all its £10, £20, £50 and £100 notes with new notes carrying a different logo.

The Provisionals have always denied any involvement in the raid.

Even though the organisation has disarmed and officially ended its campaign of terror, security chiefs insisted the move by the IRA to call a halt would not influence any decision to charge anyone in connection with the robbery, provided they had sufficient evidence.

About £60,000 in used Northern Bank notes recovered in Co Cork last February as part of an investigation into IRA money-laundering has been linked to December's raid in Belfast.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in