Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Advertisement

CAB raids homes and business linked to crime gang and freezes €540k in bank accounts

The raids happened this morning.

Image: Garda Info/Twitter

THE CRIMINAL ASSETS Bureau (CAB) today carried out raids in Tipperary and Kilkenny in an operation targeting an organised crime gang. 

Gardaí said the organised crime gang originated in the Munster and South Leinster region and has “considerable links across the continent of Europe”.

Over the course of the investigation, gardai said they sought assistance from Europol. Fund transfers in excess of €4 million were identified from other jurisdictions to Irish bank accounts linked to members of the organised crime gang.

The search operation involved searches of four homes and a business premises. It was conducted by Criminal Assets Bureau personnel supported by the Emergency Response Unit (ERU) and assisted by local Divisional personnel and the Garda Dog Unit.

This morning’s operation has resulted in the freezing of 16 bank accounts linked to members of the gang. The accounts contain cumulative funds of €540,000. Other items of note seized today are:

  •  201 Volvo XC90
  • Financial documents

A garda spokesman said: “Today’s search operation is a significant development in an ongoing CAB investigation targeting an organised crime gang involved in large-scale money laundering in the Republic of Ireland and Europe.”

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

About the author:

Read next:

COMMENTS (18)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel