Traynor told Cahill that the bank regularly held more than €10 million in cash in the building. The plan was to abduct Lacey, his wife and four children and take them to an isolated hiding place. There they would be held with fellow gang member, but acting as a "hostage" Jo Jo Kavanagh, who would frighten Lacey into handing over every penny stored in the bank's vaults. On 1 November 1993, Cahill's gang that included Brian Meehan seized Lacey and his wife outside his home in Blackrock. Holding them at Lacey's home, Kavanagh was brought in and tied up, telling the family that he had been abducted two weeks before. On 2 November, Kavanagh drove Lacey to College Green to collect the ransom money, with Lacey eventually withdrawing IR£300,000 from an accessible cash machine. Kavanagh then drove the pair and the money to the local Garda station, where he told them the pair had been kidnapped and forced to take part in a robbery. With a ransom note requesting payment of €10 million in cash, the Gardaí began investigating. They quickly found that Kavanagh had claimed child allowance during his two-week "capture," and so arrested him. Cahill then planned with Kavanagh to "raid" Kavanagh's home, and show intent to kill the Lacey family by shooting Kavanagh in the leg. Kavanagh was then to call the Irish newspapers from his hospital bed, and claim he was a victim of the Lacey kidnapping gang. However, the plan failed, and the gang were arrested. Released on bail, in 1994, Cahill was murdered by a claimed Irish Republican Army hitman close to his home in Rathmines, who had been paid for by rival drug gang crime lord and former Cahill gang member John Gilligan. In 1997, Kavanagh was jailed for 12 years for offences connected with the Lacey kidnapping. 1998 Inspection Dismissed by National Australia Bank in 1994, Lacey was subsequently appointed CEO of publishers Lafferty, and also appointed chairman of the Irish Aviation Authority and the Dublin Docklands Development Authority. However, he resigned these positions in 1998 after a report on RTÉ was further investigated by High Court of the Republic of Ireland. After subsequently appointing inspectors in Dublin, Their report conclusions were: Bogus non-resident accounts in some branches enabled customers to evade tax Investment policies were promoted for funds undisclosed to the Revenue Commissioners Special Savings Accounts had Deposit Interest Retention Tax