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Gardaí smash organised crime gangs' money-laundering racket

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Raids: Gardaí seized three Audi cars and large sums of money stuffed into plastic bags as they made arrests  at properties across Dublin and Co Wicklow

Raids: Gardaí seized three Audi cars and large sums of money stuffed into plastic bags as they made arrests at properties across Dublin and Co Wicklow

Raids: Gardaí seized three Audi cars and large sums of money stuffed into plastic bags as they made arrests at properties across Dublin and Co Wicklow

Officers from the Criminal Assets Bureau (CAB) have smashed a racket in which Chinese businessmen were laundering money on behalf of several Irish organised crime gangs and seized funds totalling €1,035,093.

Six Chinese nationals and a Dublin man were in Garda custody after a major search operation in Dublin and Co Wicklow.

Five business premises and eight homes were searched by CAB officers, who seized €733,499 in cash stuffed into plastic bags and stashed in one of the houses, and froze a further €301,594 in Irish bank accounts.