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16/01/2020
Cars & Jewellery Among Items Seized In CAB Raids
Cars, jewellery and financial accounts in excess of €30,000 are among the items that have been seized in Criminal Assets Bureau (CAB) raids linked to organised crime in Dublin.
Five searches were conducted this morning, Thursday 16 January, including three residential dwellings (one in Dublin 8 and two in Co Kildare), one jewellers in Dublin 2 and one professional premises in Dublin 2.
No arrests have been made as yet.
Gardaí have revealed that 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.
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 worth €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.
CAB previously targeted the assets of the individual under investigation 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 08 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 during which 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.
(JG/CM)
Five searches were conducted this morning, Thursday 16 January, including three residential dwellings (one in Dublin 8 and two in Co Kildare), one jewellers in Dublin 2 and one professional premises in Dublin 2.
No arrests have been made as yet.
Gardaí have revealed that 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.
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 worth €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.
CAB previously targeted the assets of the individual under investigation 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 08 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 during which 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.
(JG/CM)
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