Cookies on The Nenagh Guardian website
We use cookies to ensure that we give you the best experience on our website. We also use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the The Nenagh Guardian website. However, if you would like to, you can change your cookie settings at any time by amending your browser settings.
Hide Message
  • News

CAB seize over €2m worth of vehicles in Tipperary and Clare

Thursday, 24th September, 2020 11:53am
CAB seize over €2m worth of vehicles in Tipperary and Clare

Searches were carried out on two residential and one business premises in County Tipperary.

CAB seize over €2m worth of vehicles in Tipperary and Clare

Searches were carried out on two residential and one business premises in County Tipperary.

The Criminal Assets Bureau (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. 
  
The 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 County Tipperary. 
  
Searches were conducted at two residential premises and one business premises in County Clare, and two residential and one business premises in County Tipperary. The search of the one business premises in County Tipperary, a used car outlet, remains ongoing. 
  
So far this morning 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’.

Keep up-to-date with the latest news from around the county with an epaper subscription from €2.20*