Guildford builder still on bail over money laundering charges

A builder operating in Oxford was further reprimanded by Bow Street Magistrates Court in London last week over concealing £6 million allegedly from money laundering in the Australian construction market.

Guildford-based William Joseph Broderick, the son of a former Cork County Council chairman, is wanted in Australia over charges that between 29 April 1996 and 19 November 1997 he concealed or disguised property, which wholly or in part, directly or indirectly, represented the proceeds of criminal conduct.

David Emanuel, defending, asked for two weeks to consider documents and Broderick was remanded until 2 September to fix a date for committal.

Broderick's bail of a £15,000 security and conditions he surrenders his passport and lives at his address were continued, but he must now report twice weekly instead of daily to Guildford police station.

Broderick was arrested at Heathrow airport on 7 April after the Criminal Assets Bureau and Interpol tracked down part of a major £6 million money laundering operation to an AIB bank. The money was allegedly lodged by Broderick who had been working in Australia for the previous two years.

The defendant was a subcontractor for the construction industry in Sydney where he supplied about 60 casual labourers a day to builders.

His arrest followed a joint surveillance operation mounted by Interpol, the Gardai and British Police.