'Money washing plant' uncovered in north Belfast
Police hunting machete-wielding, cash-in-transit robbers uncovered a production plant for washing banknotes, the High Court has heard.
The equipment was found at a shed in north Belfast, prosecutors said.
Details emerged as bail was granted to one of the men accused of involvement in a £10,000 robbery.
Terence McCafferty, of Carlisle Road in Belfast, faces a charge of robbery from a G4S security van in February.
A guard was ordered to hand over a cash box containing the money by a man brandishing a samurai or machete-type sword outside an off-licence on Oldpark Road in north Belfast.
Police then tracked two men in a car to the shed off the Crumlin Road, the court was told.Chemical smell
A prosecution lawyer said Mr McCafferty, 44, and a co-accused were arrested after coming out of the barn 25 minutes later.
Inside the property, police found large quantities of cash in mixed denominations, a basin of red liquid, irons, gloves, towels and a machete.
A strong chemical smell was also detected.
The prosecution lawyer said: "Police described the scene as a production plant for washing and ironing bank notes.
"It was clear the efforts were to attempt to wash dye and smart water from the notes and dry them with the irons."Complied
A defence lawyer said that detectives no longer suspect Mr McCafferty to be the robber armed with the sword.
"He's gone from potentially, on the Crown case, of being at the forefront of this robbery right down to somebody at the tail end of the cleaning operation," he said.
The court heard that the accused had complied with five previous temporary releases on compassionate grounds.
On that basis, and because his co-accused is no longer in custody, Mr McCafferty was granted bail.
The judge directed that £4,000 in cash must be lodged in court as a surety before he can be released.
Curfew and electronic tagging conditions were also imposed.