User:rorynoonanDate:25/04/2013Time:08:30:02Edition:25/04/2013Thuthurecho250413Page:1Color:
EE - V1
THURSDAY, APRIL 25, 2013
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EDITION NO. 34,895
Serving Cork for 120 years
Work being done to make cannabis grow area safe By ANN MURPHY Security Correspondent
GARDAÍ were today carrying out painstaking forensic examinations at the scene of the underground cannabis operation discovered in Ballyvourney due to the danger involved. The drugs, worth €100,000, were found by gardaí on Tuesday evening in two 40ft containers concealed beneath a mobile home in a clearing in a forest west of Ballvourney on the Cork/Kerry border. It is believed that those behind the operation had to bring in heavy machinery to the remote area to dig out the growhouses. Gardaí were fearful of earth collapsing as they carried out their investigations today. Three men, believed to be from Lithuania, were arrested and are being questioned under drug trafficking legislation. It’s thought that one person involved in the operation would have been living in the ● Continued on page two.
The scene at Derreenaling near Ballyvourney, Co. Cork, where gardaí found cannabis plants in a sophisticated underground growing operation. The plants were being grown underneath the mobile home pictured here. Picture: Denis Minihane
Anger at mortgage increases
HOME owners were today bracing themselves for the stress of further mortgage hikes after AIB announced it will increase its variable interest rate by up to 0.4%.
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The shock mortgage blow news came as households had been looking forward to a flagged mortgage interest rate decrease by the ECB next week. Instead, AIB will hike its rate from June 5, while the bank’s off-shoots, EBS and Haven, will increase their rates by up to 0.25% from June 1. The hikes will mean an average customer with a €300,000 mortgage will
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By MARIA ROLSTON face an extra €66 per month in repayments, adding an extra €800 per year to their mortgage bills. Other lenders are expected to follow suit, increasing mortgage rates across the board for families already struggling to meet repayments, with 94,488 residential mortgage holders in this country already in arrears. News of the mortgage hikes came as ● Continued on page three.
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