'Money laundered' in high-end horse sales
A series of Criminal Assets Bureau raids conducted at a number of locations in Leinster is believed to be linked to money laundering through the sale of "high-end horses".
It is understood associates linked to a West Dublin criminal gang have been laundering money through the sale of horses.
The raids took place at 12 locations throughout Co Dublin, Co Kildare and Co Meath yesterday as part of an ongoing investigation into the gang.
Large amounts of financial documentation and electronic media were seized.
Sources close to the operation say that although it relates to the sale of "high-end horses", it is not linked in any way to the horseracing industry in Ireland.
During the raids, a luxury car and a small quantity of controlled drugs and drugs paraphernalia were also seized.
The searches were carried out at private residences and business premises in the three counties.
The CAB was supported by the Special Crime Task Force and the Garda National Drugs and Organised Crime Bureau.
The Dublin Regional Armed Response Unit and gardaí from Clondalkin and Ronanstown garda districts also aided in the investigation.
No arrests were made during this phase of the investigation and no other assets were seized.
The investigation is ongoing.