CAB raids two business premises as part of major investigation into fraudulent claims worth €3.5m
The Criminal Assets Bureau has seized €150,000 as part of a major investigation centering on fraudulent claims in excess of €3.5 million.
Searches were carried out at a house and two business premises in Cork city this morning.
Cash worth €150,000 and a quantity of gold and silver coins were seized by gardaí and CAB during the raids.
The cash included euros, sterling, dollars and a number of foreign currencies.
A quantity of documents and computer devices are now being examined by officers.
A number of safes are also currently being searched and updates will be provided.
No arrests have been made at this stage and investigations are ongoing.