Two men arrested following seizure of a Rolex watch, €130k cash and two Audi cars in Dublin 3 months ago

Two men arrested following seizure of a Rolex watch, €130k cash and two Audi cars in Dublin

They were arrested on suspicion of money laundering relating to the "suspected proceeds" of drug trafficking.

Two men aged in their 30s have been arrested following the seizure of a Rolex watch, €130k cash and two Audi cars.

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As part of ongoing investigations targeting persons suspected of involvement in organised crime, personnel attached to the Garda National Drugs and Organised Crime Bureau (GNDOCB) supported by the Special Crime Task Force (SCTF), intercepted a vehicle in the Swords area of Dublin at 6pm on Friday, 1 October.

A search of the vehicle led to the discovery and seizure of €104,720 in cash, with a number of follow up searches later being conducted in the Santry and Carrickmines areas of Dublin.

The subsequent searches saw a further €25,660 in cash seized along with one Audi SQ5, one Audi Q3 and a Rolex Watch.

Two men, aged 36 years and 45 years, were arrested and are currently being detained, pursuant to the provisions of Section 50 of Criminal Justice Act, 2007, at Swords and Coolock Garda Stations.

Both individuals were arrested on suspicion of involvement in an offence of participating in the activities of a criminal organisation, to facilitate money laundering, "relating to the suspected proceeds" of drug trafficking, pursuant to the provisions of Section 72 of Criminal Justice Act 1996.

Investigations into the incident are currently ongoing.