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Police Fail In Bid
Police Scotland have failed in a bid to stop a controversial businessman operating as a landlord. Former boxing promoter Carlo Rea was on North Lanarkshire Council ’s register of accredited private landlords.
Police tried to block the renewal of Rea’s registration but the bid was thrown out by councillors in North Lanarkshire at a meeting held in private.
A source said: "The police told the council they thought Rea’s application should be rejected.
"The fact their request was rejected is disappointing but not surprising."
Carlo and twin brother Mario were investigated by police over allegations ranging from assault to money laundering.
The 37-year-old twins have also been linked to the £600million collapse of offshore hedge fund Heather Capital, run by Glasgow lawyer Greg King.
His fund loaned DMR Assets Ltd, which was run by the Reas, £4.8million to develop plots of derelict land across central Scotland. When DMR went bust, administrators were able to claw back just £1.8million.
The Rea twins were at the centre of a 2008 Scottish Crime and Drug Enforcement Agency probe and charged with drugs and money laundering offences.
But Crown Office prosecutors dropped the case in March 2012 due to insufficient evidence.
In 2013, Carlo and Mario were convicted of attacking Eddie Lyons Jr – a member of the Lyons crime clan – at the birthday party of Rea associate Barry Cushley in Coatbridge in 2011.
Both Reas were handed 18-month restriction of liberty orders at Airdrie Sheriff Court and told to do 200 hours’ community service.
Also in 2011, the twins were arrested in connection with a street attack on ex-boxer Craig Windsor snr but prosecutors did not proceed with charges.
North Lanarkshire Council said a sub-committee considered whether Carlo Rea should stay on the register. A spokesman said: "The committee decided that Carlo Rea remained a fit person to be on the register."
Police Scotland said: "We can confirm we did raise an objection in relation to this matter. However we note the council’s decision."
In 2009 North Lanarkshire Council planner Danny Welsh, 43, was sacked for taking gifts from Mario. Charges against the pair were dropped but Welsh lost an unfair sacking claim.
The Insolvency Service barred Mario from serving as a director for seven years in 2011 for unexplained money transfers.
He was sentenced in 2013 to 200 hours’ community service for assaulting Lyons associate Liam Boyle with a key at a cinema.
In 2012, Mario was warned his life was in danger from a gang linked to the Real IRA.
Ex-councillor Paul Delaney, who was banned by the council for leaking details of Welsh’s links to Mario Rea, said: "Councillors need to be careful about who they are giving contracts to."
Rea’s solicitor, Nicholas Scullion of Scullion Law, said: "My client has no comment to make. The result speaks for itself."