Wednesday 23 August 2017

CAB now looks abroad in bid to stop gang's rise to the top

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Tom Brady

Tom Brady

A Criminal Assets Bureau (CAB) investigation into the suspected laundering of cash netted from drugs importation and distribution has been extended outside Ireland.

The CAB probe is focusing on the activities of an organised crime gang based in west Dublin as part of a wider crackdown on gangs looking to become major players in gangland circles.

The CAB was called in to examine its assets after the gang had been targeted by the Garda Special Crime Task Force, which was set up a year ago to support the Drugs and Organised Crime Bureau to pinpoint key figures in gangland. Cash, vehicles and high-end jewellery, with a total value in excess of €110,000, have already been seized.

Inquiries are being made in Switzerland and Northern Ireland to find the background of some of the jewellery recovered in searches in west Dublin.

One item, a gent's Rolex watch worth almost €30,000, was reported stolen from a store outside Belfast six years ago. Three other watches, with a combined value of €43,000, were also confiscated along with Louis Vuitton and Chanel handbags and two cars - a BMW 5-series and a Citroen - worth up to €35,000. A further €20,000 in cash of various currencies was also seized.

The investigation is one of 62 cases initiated since the Special Crime Task Force started operations targeted at members of gangs categorised by gardaí as second and third-tier criminals.

The move was one of a series of initiatives announced by the Garda authorities in the wake of the Kinahan-Hutch feud.

Irish Independent

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