IRA’s holdings built up and ruined by Celtic Tiger?

One of the Ireland related Wikileaks revelations reveal a briefing from a Garda source to the effect that:

While the IRA had been proficient in smuggling, robbery, and racketeering since the 1970s, the Celtic Tiger economic boom of the 1990s had prompted the IRA to diversify into more sophisticated business enterprises.

Perhaps Lord Blackheath knows something about this? Interestingly he recently claimed in the Lords that:

The IRA had five companies completely ruined. They had built the companies up as pensions funds.

Curious…

Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty