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A man arrested in connection with the seizure of 116 bicycles in Co Dublin has been released without charge.
The file will now be prepared for the Director of the Public Ministry (DPP).
The bicycles were discovered in a container on Thursday 26 December 2019 at the allotment in Newcastle.
On Friday at approximately 6:30 am, Gardaí attached to the Street Crimes Unit and the District Detective Unit at Pearse Street conducted a search of a residence in Drumgola Wood, Cavan Town, Cavan County.
During the course of this search, a large amount of financial documentation was recovered, in addition to € 7,000 in cash and memory cards containing photographs of items suspected of theft, including bicycles.
Following further investigations into seized financial documentation, a total of € 122,500 was frozen in various bank accounts and another € 6,000 in cash was located in a follow-up search of the residence.
A man in his 40s was arrested at the scene and is currently being held at Pearse Street Garda Station under section 4 of the Criminal Justice Act 1984.
Investigations are ongoing.
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