February 27, 2021

CAB raid Kilkenny properties in clampdown on crime gang with links across Europe

More than €500,000 was frozen in bank accounts and a brand new 4×4 seized during a Criminal Assets Bureau (CAB) operation in county Kilkenny.

The operation, which started at approximately 7.30am this morning, targeted properties close to Mooncoin and Piltown, as well as properties in Carrick-on-Suir.

During the operation a 201 Volvo XC90 was seized, €540,000 across 16 bank accounts was frozen, and a number of financial documents recovered.

CAB are investigating anti-money laundering activity and fund transfers of up to €4 million identified from other jurisdictions and moved to Irish bank accounts linked to members of the gang.

The European Police Agency, Europol, worked with the CAB in gathering evidence against the gang which led to the CAB raid.

A Garda spokesperson said: “The search operation targeted an Organised Crime Group (OCG) originating in the Munster and South Leinster region with considerable links across the continent of Europe.

“Over the course of the investigation assistance was sought from and provided by Europol. Fund transfers in excess of €4 million were identified from other jurisdictions to Irish bank accounts linked to members of the OCG.

“The search operation involved searches of four residential properties and a business premises. It was conducted by Criminal Assets Bureau personnel supported by the Emergency Response Unit (ERU) and assisted by local Divisional personnel and the Garda Dog Unit.”

This morning’s operation has resulted in the freezing of 16 bank accounts linked to members of the OCG. The accounts contain cumulative funds of €540,000.

PHOTO: Stock image 

The Garda spokesperson added: “Today’s search operation is a significant development in an ongoing CAB investigation targeting an OCG involved in large-scale money laundering in the Republic of Ireland and Europe.”

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