45 vehicles and thousands of euro in cash seized in Limerick search operation
No arrests were made in connection with the investigation.
The Criminal Assets Bureau (CAB), 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, has seized a number of valuable items following a series of searches in Limerick.
The operation took place on Friday (15 March), targeting the assets and activities of an organised crime gang based in the Limerick city and surrounding county areas.
Eight searches were conducted in total in Limerick, Tipperary and Dublin, with four professional premises - solicitors, an accountant and a finance company - investigated.
The following items were seized:
- 45 vehicles
- €43,000 and £1,000 in cash
- One Rolex watch
No arrests have been made.
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, suspected of being involved in laundering the proceeds of their criminal conduct via 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.
An Garda Síochána described Friday's search operation as a "significant development" in the CAB investigation that will be viewed as "a major upset" to organised criminal activity in Limerick.