Bank accounts containing more than €260,000 were frozen on Wednesday as part of two ongoing investigations by the Criminal Assets Bureau (CAB).
The first investigation began following contact on Tuesday by a US federal agency investigating a company involved in the illegal manufacture of drugs.
The US federal agency had identified an Irish bank account which was being used to receive funds as part of this crime and for onward transmission to a bank account in another country.
An investigation was opened by CAB in cooperation with the US agency and about €150,000 was then frozen in an Irish bank account.
A Garda spokesman said the investigation remains ongoing.
Operation Thor
The second investigation is part of CAB’s involvement in Operation Thor, which targets organised crime groups involved in burglaries and thefts across the country.
Wednesday’s actions are a follow-on from the CAB operation on October 29th where searches were conducted in Dublin and Wicklow. Cash, watches, and designer clothes were seized during those raids.
CAB’s subsequent investigations identified an additional bank account belonging to this particular gang and a further €110,000 was frozen, bringing the total as part of this particular CAB investigation to €358,000.
The Garda spokesman said Wednesday’s operation was “another significant development” in the investigation into the assets of this gang.
