Gardaí have arrested a third man in connection with the theft of €1.1m from a Dublin based company in November 2020.
The man, in his 20s, was arrested in the Tallaght area of Dublin 24 today.
In a statement, a Garda spokesperson said: “The man was arrested in relation to the ongoing investigation under Operation PARADE and is currently detained at Tallaght Garda station under Section 50 of the Criminal Justice Act, 2007.
“Operation PARADE is an investigation being conducted by GNECB into the theft of approx. €1.1m from a Dublin based company in Nov 2020 in an invoice redirect fraud.
“The company received an email which they believed to be from a trading company telling them that their bank account was changed and to send the money to a new bank account.
“In this instance with the co-operation of various banks approx €1 million of this stolen money was recovered in various other bank accounts.”