One of the cars seized by CAB officers
Expensive cars and watches along with a quantity of cash were seized by officers from the Criminal Assets Bureau (CAB) during searches on Thursday at addresses in Kildare and Dublin.
As part of the operation, five searches were conducted at three residential dwellings (one in Dublin 8 and two in Co Kildare), one business premises (jewellers) in Dublin 2 and one professional premises in Dublin 2.
The following was seized: a 152 registered Audi A6 car, a 132 registered BMW 5 series car, three Rolex watches, a Breitling watch, €4,000 in cash, £400 sterling in cash, two electronic weighing scales and a pair of runners that cost €550.
In addition to the items seized, in excess of €30,000 held in financial accounts was restrained on foot of orders granted under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.
All searches were conducted under CAB warrants. No arrests have been made at this time.
The CAB investigation is focused on an individual who is a member of an organised crime gang involved in the sale and supply of controlled drugs in the Dublin 8 and Dublin 12 areas.
CAB previously targeted the assets of this individual, and orders were granted under the Proceeds of Crime Act 1996 & 2016 in the High Court in 2019 over cash, monies held in financial accounts, a high value watch, a mobile home and three motor vehicles. That action resulted from a CAB search operation conducted on December 8 2017.
The target had been referred to CAB by the special crime task force established by the Garda Commissioner. This followed from a Garda operation in September 2016 where cash and a luxury watch were seized.
Anyone with information about suspected unexplained wealth is asked to contact the Criminal Assets Bureau on 01 6663266 or firstname.lastname@example.org.