BYAILEEN MURPHY

Convicted murderer Julie McGinley will not benefit financially from the death of her husband Gerry.

McGinley is currently serving a life-sentence for the murder of Gerry McGinley at the couple's home in Derryraghan, Coa on the 13 August 2000. Her former lover Michael Monaghan was also found guilty of the murder and is currently serving a similar sentence.

The latest revelation in this case comes as the Assets Recovery Agency (ARA) announced it has reached a settlement concerning the property of Julie McGinley.

After her conviction in December 2002, the Police Service referred the case to the ARA alleging that McGinley had benefited from her husband's murder by receipt of monies from various polices on his life, and by inheriting his share of their joint marital home at Derryraghan.

McGinley aroused police suspicion following the death of her husband when she moved house to Enniskillen and stood to inherit over £300,000 in insurance premiums from his death. It was for this reason the PSNI passed the case to the ARA as McGinley stood to benefit financially from her crime.

As part of the settlement, ARA has now withdrawn its civil recovery litigation and Julie McGinley has relinquished all rights to her share of the proceeds from the sale of the matrimonial home, all rights in her husband's share of the matrimonial home and in any money due under insurance policies on his life. Instead the money will be held in trust for the couple's children.

ARA Deputy Director Charlie Dickin said: "The Agency's primary concern is making sure crime does not pay. Julie McGinley fully co-operated with the Agency throughout its investigation and, due to the settlement she will not benefit from these assets."

For legal reasons the Agency explained it is not in a position to comment further on this case.