The Irish citizen, in preventive detention in Lanzarote since last October 25 as the alleged leader of an international gang of criminals, has been released on bail of 100,000 euros this Monday morning, November 4, after the judicial authority (Instruction two of Arrecife) upheld his appeal for reform against the imprisonment order.
The investigating magistrate made this decision after receiving the report from the Public Prosecutor's Office favorable to the appeal. Likewise, the Irish citizen is being investigated as the alleged perpetrator of a money laundering crime committed within the scope of a criminal organization.
According to the newspaper The Irish Times, Hutch has been living between Lanzarote and Dublin, and has even acquired properties on the island, where he has been living intermittently since 2012.