Ghost Brokers. Gardaí make arrests as more than 600 motor insurance policies cancelled.
Gardaí have arrested four people and insurers have cancelled more than 600 motor insurance policies following an investigation into ghost brokers operating in Dublin.
An Garda Siochaná has conducted a number of searches over the past few days with one person appearing before Trim District Court and being charged in connection with theft and fraud offences.
The hundreds of insurance policies which were fraudulently obtained through the alleged ghost brokering activities will now be cancelled.
The Dublin Metropolitan Region Roads Policing Division have been working closely with the Criminal Assets Bureau and the insurance companies as a result of this operation. A garda spokesman said:
"As this is an ongoing incident it is not proposed to provide a spokesperson of more information at this time,"
The Head of Fraud with Aviva Insurance, Rob Smyth said that ultimately it is the customers who end up paying for the criminal activities of these ghost brokers.