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The Criminal Assets Office has seized 80 cars worth more than 2 million euros from a car dealer in Co Tipperary as part of an investigation into a UK-based organized crime group.
Gardaí and UK police believe the gang is involved in invoice redirection fraud and is using the business as a front for money laundering.
This morning more than € 20,000 was also seized in six registrations in Clare and Tipperary and more than € 200,000 was frozen in bank accounts here.
West Midlands Police are also conducting a search and arrest operation in the UK as part of the investigation.
The Office for Criminal Assets has been investigating a UK-based International Organized Crime Group with members from Pakistan and Lithuania.
The group was stealing money from UK companies through CEO and invoice redirection fraud and laundering it through the car trade.
The gang started a business and bought a garage in Co Tipperary to sell cars here which they bought and brought from the UK.
This morning, the CAB, with the support of the Emergency Response Unit, the Stolen Vehicle Investigation Unit, the Garda National Immigration Office, the Garda Technical Office and the Canine Unit of Revenue Customs, conducted six searches of homes and businesses in Clare and Tipperary.
80 cars were seized, including Range Rovers, BMW, Volvo and Hyundais worth more than 2 million euros.
They also confiscated more than 21,000 euros in cash and frozen more than 200,000 euros in bank accounts here.
The head of the Office of Criminal Assets, Detective Chief Superintendent Michael Gubbins, said that today’s operation involved continued cooperation between the Gardaí and UK police forces to deny and deprive international organized crime groups of assets. criminal.
West Midlands Police are also conducting a search and arrest operation in the UK as part of their investigation.
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