CAB - Garda - Proceeds of Crime

CAB Make Haul Of Cars, Cash & Watches Halting Ill-Gotten Gains Of Crime Group

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The Criminal Assets Bureau conducted search operation in counties, Kildare, Waterford, Laois and Dublin on Wednesday 29th June 2022.

The operation involved over eighty personnel searching fifteen search which targeted an eastern European Organised Crime Group involved in the laundering of the proceeds of crime through the second hand car trade.

The OCG is also involved in the supply of vehicles to Irish OCG’s throughout the country. Today’s operation targeted assets, including properties acquired by the directors of the OCG. Assets seized today included the following:

• One Tesla electric Vehicle
• Two BMW IX electric vehicles (221 Reg’s)
• Two Classic vehicles
• €15,000 in cash
• A number of high value watches including Rolex and Cartier Brands.

The operation follows from Criminal Assets Bureau search operations conducted during September and October 2021 during the course of which CAB seized eighteen high value vehicles including Audi Q7’s, BMW X5’s, Range Rover’s, a Jaguar I-Pace and a Tesla.

Today’s operation is significant in the context of the overall CAB proceeds of crime investigation targeting assets, including properties accrued by the directors of the OCG. The investigation remains on-going.