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CAB Freeze €540,000.00 In Tipperary & Kilkenny.

According to An Garda Síochána here in Tipperary, the Criminal Assets Bureau (CAB) conducted a search operation this morning, February 10th, here in Co. Tipperary and neighbouring Co. Kilkenny, together with the assistance of the Emergency Response Unit, local Divisional Garda personnel and the Garda Dog Unit.

This planned operation targeted an organised crime gang, originating in the Munster and South Leinster regions, with known significant links across the continent of Europe.

Over the course of this investigation, assistance had been sought and shared with Europol.

Financial transactions in excess of €4 million were identified from other jurisdictions to Irish bank accounts linked to members of this gang of criminals.

The Criminal Assets Bureau operation resulted in the freezing of sixteen bank accounts linked to members of this organised crime gang, which we understand contained total funds of €540,000.00.

Today’s operation involved searches of four residential addresses and one business premises, where amongst the following items seized were a 201 Volvo XC90, together with financial documents.

We understand that his morning’s search is a significant development in an on-going CAB investigation, targeting an organised crime gang involved in large scale money laundering here in the Republic of Ireland and Europe.

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