The investigation was launched earlier this month
Luxury goods including two Rolex watches were seized with several thousand euro in cash in what Gardaí saying is a money-laundering investigation.
Gardaí say that following search operation was conducted in 11 properties across Tipperary on Friday, December 11. Residences and business premises were raided.
A garda statement said the following items of note were seized during the course of this investigation:
- Over €90,000 in cash
- 2 Rolex watches
- High-value designer goods
- Extensive financial documentation
Gardaí say a man, aged in his early 40s, was arrested as part of this investigation. He was detained at Tipperary Garda Station under Section 4 of the Criminal Justice Act, 1984. Gardaí say he has since been released without charge and a file will be prepared for the Director of Public Prosecutions.
Investigations are ongoing.
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