More than 30m cigarettes worth €14m seized by Revenue
International organised crime gang headed up by Irish people in Europe targeted by Revenue
Published 24/06/2014 | 12:45
Some 32m cigarettes worth €14m have been seized by the Revenue Commissioners
The cigarettes along with 4,500kgs of water pipe tobacco were seized in Drogheda, Co Louth, earlier today.
The cache represents the largest seizure of cigarettes in Europe so far this year.
It’s understood the seizure was made as part of an operation targeting the criminal activities of an international organised crime group headed up by Irish and British nationals in Europe.
The seizure represents a potential loss to the Exchequer of nearly €13m, assuming it would have displaced the equivalent full tax paid cigarettes and tobacco.
Finance Minister Michael Noonan congratulated revenue on the seizure.
"This intelligence-led seizure represents a significant potential loss to the Exchequer and is a significant blow to the criminals involved in this illicit trade,” the minister said.