Monday 14 October 2019

CAB seizes €2m fleet of 115 cars from suspected launderers


File photo. Photo: Gareth Chaney / Collins
File photo. Photo: Gareth Chaney / Collins
Tom Brady

Tom Brady

The Criminal Assets Bureau (CAB) has seized a fleet of 115 cars worth close to €2m from suspected launderers of profits from a huge drug trafficking racket.

The targets were hit by a series of eight searches in a day-long operation in Limerick city and county, Tipperary and Dublin.

A number of other vehicles were left behind in the garages in Limerick and Co Tipperary because of their low resale value.

Also confiscated from the suspects were €43,000 in cash, £1,000 in sterling and a Rolex watch, while the CAB also secured a freezing order on €30,000 held in a bank account.

Officers also searched the homes of two prime suspects in Co Limerick, two solicitors' and an accountant's offices in west Limerick and a financial company in Dublin.

The searches followed months of investigation into an organised crime gang suspected of acting as money launderers for a travelling gang based in west Limerick and believed by gardaí to be linked to drug dealing.

The CAB was aided in the searches by officers from the emergency response unit, the drugs and organised crime bureau, national bureau of criminal investigation, stolen motor vehicles squad and Garda dog unit. Officers from the CAB also seized financial documentation, files related to ownership of assets, mobile phones and what were described as electronic storage devices.

Irish Independent

Editor's Choice

Also in Irish News