Top of the range cars worth over €2 million have been seized by the Garda Criminal Assets Bureau as part of Operation Bagana carried out in partnership with UK police.
Gardaí say CAB, in conjunction Police Officers from the Economic Crime Bureau attached to West Midlands Police in the United Kingdom, today carried out an operation in counties Clare and Tipperary as part of a cyber-fraud and money laundering investigation in the UK.
A statement said CAB investigation is focussed on the assets of an international organised crime group who are suspected of laundering the proceeds of mandate fraud committed in the UK via a used car outlet in Co Tipperary.
Gardaí say searches were conducted at two residential premises and one business premises in Co Clare, and two residential and one business premises in Tipperary. They say the search of the one business premises in Tipperary, a used car outlet, remains ongoing.
So far the following has been seized:
· In excess of 80 Cars with an approximate value of €2,000,000
· Cash in the amount of €21,000
· In excess of €200,000 has been restrained in financial accounts linked to the organised criminal group
This morning’s search operation involved CAB, the Emergency Response Unit, the Stolen Motor Vehicle Investigation Unit, the Garda National Immigration Bureau, the Garda Technical Bureau and were assisted by the Revenue Customs Dog Unit.
Speaking about today’s operation the Chief Bureau Officer, Detective Chief Superintendent Michael Gubbins said: "Today’s search operation is an example of the ongoing cooperation between the Criminal Assets Bureau, An Garda Síochána and UK Police Forces in the investigation of International Organised Criminal Groups. Our activities are in furtherance of the CAB mission ‘to deny and deprive’.
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