Today May 30th, the Criminal Assets Bureau (CAB), assisted by Gardaí; involving 150 personnel, conducted searches at some 20 locations across counties Tipperary, Limerick, Clare, Dublin and Mayo.
During the searches, 27 motor vehicles were seized, together with €218,000 in cash; six Rolex watches; five jet-skis’; two rigid inflatable boats; Louis Vuitton bags, various electronic devices, suspected cocaine and paper records including financial documentation.
One person was arrested in connection with the seizure of the suspected cocaine and remains detained at a Limerick city Garda station.
The operation was conducted as part of an ongoing investigation into individuals linked to a Munster-based organised crime grouping.
The operation targeted persons which CAB believe is involved in laundering the proceeds of organised crime, through outlets including the second hand motor trade, real estate purchases, property developments and the purchase of high value goods.
In a statement, Gardaí confirm that today’s operation marks a significant development in CAB’s continuing “Proceeds of Crime” investigation.
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