Updated 3.30pm

THE CRIMINAL ASSETS Bureau (CAB), assisted by local gardaí and a number of national units have raided 39 homes and businesses believed to be linked to the Kinahan crime gang.

The searches took place in Dublin 1, Dublin 7, Dublin 11, North County Dublin and Limerick this morning.

Twenty residential premises were searched along with 18 professional premises and a gym.

Around €15,000 cash was seized along with five designer watches and five vehicles.

“This CAB investigation into an Organised Crime Gang is continuing, today marks a significant development in the progress of this investigation,” Detective Chief Superintendent Patrick Clavin said.

The Criminal Assets Bureau are relentless in their mission to identify the criminally acquired assets of persons and to deny such people these assets. The motivation of these organised crime gangs is greed for wealth and we will do all we can to deprive them of this wealth.

The watches were a Breitling, two Rolexes, a Cartier and a Legend. While the vehicles included an Audi Q7, a Mercedes Vito, two Volkswagen Golfs and a Honda motorcycle.

A freezing order has also been made in respect of a substantial amount of money in a bank account.

Documents and mobile phones are also being examined by investigating officers.

No arrests were made.