The Criminal Assets Bureau (CAB) conducted a search operation this morning, Thursday the 16th of January 2020.
As part of this operation, five searches were conducted - 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 luxury motorcar
A 132 registered BMW 5 series motor car
3 Rolex watches
A Breitling Watch
Approximately €4,000 in cash
Approximately £400 sterling in cash
2 electronic weighing scales
A pair of runners that cost €550
Documents
Financial documents
In addition to the items seized, in excess of €30,000 held in financial accounts was restrained on foot of Orders granted pursuant to Section 17 (2) of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010.
All searches were conducted under CAB Warrants, Section 14 of the Criminal Assets Bureau Act, 1996 as amended. No arrests have been made at this time.
The CAB investigation is focussed 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 8th December 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 contact the Criminal Assets Bureau on 01 6663266 or info@cab.ie.
