The Criminal Assets Bureau (CAB) conducted a search operation today, targeting the assets and activities of an Organised Crime Gang based in the Limerick City and County areas.
The searches were carried out with the assistance of the Garda Emergency Response Unit (ERU), the Garda National Drugs and Organised Crime Bureau (GNDOCB), the Garda Stolen Motor Vehicle Investigation Unit (SMVIU), the Garda Technical Bureau and the Garda Dog Unit
In total, eight searches were conducted in counties, Limerick, Tipperary and Dublin. Two residential premises, two business premises (Car Sales Outlets) and four Professional Premises (Solicitors, Accountant and a Finance Company) were searched.
The following were seized - 45 Vehicles; €43,000 euro and £1,000 cash and a Rolex watch.
Documentation in relation to the ownership of assets, financial documentation, mobile phones and electronic storage devices were seized and are currently being examined by Bureau Officers.
The CAB investigation centres on an Organised Crime Gang involved in the sale and supply of controlled drugs in the Limerick City and County areas, and who suspected of being involved in laundering the proceeds of their criminal conduct through a Car Sales Outlet in Limerick City.
A Bank Account held by one Car Sales Business was restrained by a Court Order, pursuant to Section 17(2) of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010
No arrests were made.
Today’s search operation is a significant development in the CAB investigation and will be seen as a major upset to Organised Criminal activity in the Limerick City and County areas.