The Criminal Assets Bureau has seized 85 cars from a used car business in Co. Tipperary.
The seizures have been made in conjunction with Police Officers from the Economic Crime Bureau attached to West Midlands Police in the UK.
Searches were carried out in Clare and Tipperary as part of a cyber-fraud and money laundering investigation in the UK.
The Criminal Assets Bureau has today, 24/09/20 seized €2million worth of vehicles as part of Operation Bagana.
Cash in the amount of €21K also seized & in excess of €200K restrained in financial accounts.
Please see further -https://t.co/MO2me9kS6Y pic.twitter.com/Jdtxkqv9Xv
— Criminal Assets Bureau (CAB) (@criminalassets) September 24, 2020
The CAB investigation is focussed on the assets of an international organised crime group who are suspected of laundering the proceeds of mandate fraud committed in the UK via a used car outlet in Tipperary.
Two homes and a business in Clare have been searched along with a used car business in Tipperary.
85 cars worth more than €2 million were seized along with cash worth €21,000.
€200,000 has also been frozen in bank accounts linked to the gang.
