Gardai have frozen €60,000 in a bank account and seized a passport for a sulky racing horse valued at around €25,000 in a major operation targeting a west Dublin crime organisation.
The Criminal Assets Bureau (CAB) is clamping down on the activities of a number of organised drugs mobs including a gang known as 'The Family' and their associates in the Kinahan cartel.
The chief target of yesterday's operation was a 33-year-old Cherry Orchard criminal who was heavily involved in a bitter feud in the Ballyfermot area which led to four murders almost a decade ago.
Sources say the criminal is one of the most prolific drug traffickers in west Dublin and has linked up with the infamous 'Family' who are understood to have aligned themselves to the Kinahans.
Local officers are understood to have spent months compiling a dossier on the drug dealer who was centrally involved in the feud that led to the murder of the notorious Corbally brothers in 2010.
The carefully compiled dossier led to a special operation yesterday morning in which five locations were searched in the Ballyfermot, Finglas and Ballyboughal areas of Dublin and in Courtown, Co Wexford.
A garda spokesman said a horsebox was seized together with assorted items of jewellery and documents.
Detectives have yet to locate the valuable horse linked to the gangster at the centre of the raid but the seizure of the animal's passport means it can't be taken out of the country.
It is believed that jewellery linked to the gangster's wife was also seized in the raids.
The CAB target cannot be named for legal reasons as he is facing serious charges before the courts.
Sources said last night that the drug dealer and an older associate, one of Ireland's most feared criminals, had formed an alliance with 'The Family', one of Ireland's longest-standing drug-trafficking gangs.
A younger associate of the target was busted last year when the Drugs and Organised Crime Bureau (DOCB) seized around €100k from the thug in the capital's south inner city.
The CAB target is suspected of being involved in a murder attempt against slain crimelord Mark 'Guinea Pig' Desmond at the Memorial Park in Ballyfermot in 2010 with the same criminal who was busted with the cash last year.
Desmond escaped injury in that incident but was murdered in Lucan last December as part of a separate west Dublin feud.
Yesterday's CAB raids were part of a sustained operation against 'The Family' which included the seizure last month of more than €1m worth of assets, including luxury watches and high-end cars.
Although 'The Family' has connections with members of the Kinahan cartel, it is not involved in that outfit's feud with the Hutch gang, which has claimed the lives of 12 people in less than two years.