€23K in cash and Rolex watch among items seized by CAB

€23K in cash and Rolex watch among items seized by CAB

Assets of over €200K frozen

€23K in cash and a Rolex watch valued at over €8,000 are among items seized by the Criminal Assets Bureau (CAB) during a search operations in County Meath this morning (Wednesday), April 27.

Gardaí have confirmed that two searches were conducted - one residential property and one business premises.

The following was seized:

• €23,000 cash

• A Rolex Watch valued in excess of €8,000

• A significant quantity of designer goods

• Documentation in relation to financial and property transactions

The Criminal Assets Bureau conducted a search operation in Co. Meath this morning, Wednesday 27 April 2022. Searches...

Posted by Criminal Assets Bureau onWednesday, 27 April 2022

In addition to the seizure of the above assets, in excess of €200,000 was restrained in financial accounts.

A garda statement confirmed: "The CAB investigation is focussed on the assets of an international Organised Criminal Group (OCG) involved in the cultivation, sale and supply of controlled drugs through a network of cannabis grow houses, and the subsequent laundering of the proceeds of their criminal conduct."