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| Arrests over Northern Bank raid | Arrests over Northern Bank raid |
| (10 minutes later) | |
| Irish detectives have arrested two men in connection with a money laundering inquiry launched after the Northern Bank robbery in December 2004. | Irish detectives have arrested two men in connection with a money laundering inquiry launched after the Northern Bank robbery in December 2004. |
| Cash, including more than £1m, was found in a wheeled bin at a house in Cork in February 2005. | Cash, including more than £1m, was found in a wheeled bin at a house in Cork in February 2005. |
| The two men are expected to appear at Cork District Court on Thursday on money laundering and weapons charges. | |
| About £26.5m was stolen in the robbery at the Northern Bank's Belfast headquarters. | About £26.5m was stolen in the robbery at the Northern Bank's Belfast headquarters. |
| The two men who were arrested include Ted Cunningham from Farrans in Cork, outside whose house the bin was found. | The two men who were arrested include Ted Cunningham from Farrans in Cork, outside whose house the bin was found. |
| A garda spokesman said the two men would be facing separate charges, with only one charged with money laundering. | A garda spokesman said the two men would be facing separate charges, with only one charged with money laundering. |
| He added: "These charges arise out of an investigation carried out by the Gardai in Cork following the robbery of the Northern Bank. | He added: "These charges arise out of an investigation carried out by the Gardai in Cork following the robbery of the Northern Bank. |
| "As part of the same investigation, a second man will also appear in court this morning charged with possession of ammunition." | "As part of the same investigation, a second man will also appear in court this morning charged with possession of ammunition." |
| Mr Cunningham, 60, is a former business associate of ex-Sinn Fein senior figure Phil Flynn. | |
| About £2.3m was found in the wheeled bin outside his home in February 2005. | |
| Mr Cunningham is understood to have told police the money belonged to a group of Bulgarian businessmen he had dealings with and was not connected to the Northern Bank money. | |
| The second man arrested, aged 40, is understood to be facing charges connected to a smaller amount of money. | |
| That money was seized in a number of follow-up raids by detectives. |