The Criminal Assets Bureau is examining the beneficial owners of homes in South Tipperary and North Cork as part of an ongoing illegal drugs and money laundering investigation.

In a series of searches this morning, CAB targeted four sites and froze around €40,000 in a bank account.

In a statement, the CAB said the search operation was a “significant development in an on-going operation targeting an organised crime gang involved in the cultivation, sale and supply of controlled drugs”.

“CAB is investigating the beneficial ownership of a home in South Tipperary and another home in North Cork.”

It said bureau officers were supported by the elite Emergency Response Unit, local gardaí and officers from the Garda National Immigration Bureau.

During the course of the search, documentation, phones and electronic devices were seized. They will be analysed by specialist CAB analysts.

Two homes in Dublin 15 and Dublin 6, and two professional premises located in Dublin 2 and Co Laois were also searched.

The statement said: “Approximately €40,000 has been frozen in an account in a financial institution pursuant to Section 17 of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010.”

Image: Criminal Assets Bureau officers during one of their raids this morning. Pic: Garda Press Office.

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