47 CARS and thousands of Euros in cash have been seized as part of a major Criminal Assets Bureau (CAB) investigation at a Limerick motor reseller this Friday morning.
Dozens of Gardaí supported by 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 have conducted a search operation this Friday March 15, targeting the assets and activities of an Organised Crime Gang based in the Limerick City and County areas.
Eight searches were carried out as part of the investigation including a garage in Tipperary, the homes of the car dealer and one of his associates in county Limerick as well as the offices of two solicitors. A finance office in Dublin was also searched.
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 are alleged to be laundering the proceeds of their criminal conduct through a Car Sales Outlet in Limerick City.
€43,000 and £1,000 in sterling cash, together with a Rolex watch was also seized.
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, and one of the biggest seizures in its history, 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, with €30,000 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.