Designer handbags, watches and € 35,000 in cash seized during CAB searches

A search operation carried out by the Criminal Assets Bureau (CAB) resulted in the seizure of € 35,000 in cash, a vehicle and several designer items.

The searches were carried out Friday morning at properties in Dublin and Meath with help from the Garda National Immigration Bureau (GNIB), the Garda National Drugs and Organized Crime Bureau (GNDOCB) and the Revenue Customs Dog Unit.

A total of 72 CAB and Garda members participated in the operation.

Twenty-four searches were carried out in several apartment buildings, an office, a commercial space and 11 professional premises.

During the searches, a sum of money was discovered and seized in addition to a 162 Hyundai Tucson, three high value Rolex and Chopard watches and a quantity of designer handbags.

Electronic storage devices and documents relating to financial and real estate transactions were also seized while more than € 310,000 were blocked in financial accounts.

The CAB investigation focuses on the assets of an international organized criminal group involved in the cultivation, sale and supply of controlled drugs through a network of cannabis grow houses, and the subsequent laundering of proceeds of their criminal conduct.

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