Thu, 13 Aug 2020

DUBLIN, Ireland - Seven people have been arrested and hundreds of thousands of euro in cash seized in a massive operation spearheaded by the Criminal Assets Bureau on Tuesday morning.

The operation, part of an ongoing intelligence-led initiative targeting foreign nationals involved in the laundering of the proceeds of crime accumulated by Irish-based organised crime groups, involved raids on 11 properties in the Dublin Metropolitan Region and the Wicklow Division.

The properties the subject of the searches comprised three business premises and 8 residential properties. Vehicles, high value goods and €449,000 in cash were seized. A further €261,000 in funds were frozen in Irish bank accounts.

The seven people arrested are currently detained at garda stations across the Dublin Metropolitan Region.

"This morning's search operation was conducted by the Criminal Assets Bureau, supported by the Emergency Response Unit (ERU) and Regional Armed Support Units, and assisted by the Garda National Immigration Bureau (GNIB), the Garda National Economic Crime Bureau (GNECB), Garda National Protective Services Bureau (GNPSB) and local District Detective Units," a statement from the Criminal Assets Bureau released on Tuesday said.

"This operation marks a significant development in the Criminal Assets Bureau's ongoing investigation into a criminal network involved in the laundering of funds for a number of national and international organised crime groups," the statement added.

(File photo).

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