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A man has been detained by a gardaí investigating “the seizure of a container of 116 pedal bicycles” in December last year.
As part of a related search in Co Cavan this morning, Gardaí arrested the man, who is 40 years old.
“At approximately 6:30 am, Gardaí attached to the Street Crimes Unit and the District Detective Unit on Pearse Street conducted a search of a residence in Drumgola Wood, Cavan Town,” said a Garda spokesman.
During the course of this search, a large amount of financial documentation was recovered, in addition to 7,000 euros in cash and memory cards containing photographs of alleged stolen property, including bicycles.
“Following further inquiries into the seized financial documentation, a total of € 122,500 was frozen in various bank accounts and another € 6,000 in cash was located in a residence tracking record,” they added.
The man was arrested at the scene and is currently being held at the Pearse Street Garda Station under section 4 of the Criminal Justice Act 1984.
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