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A 182 registered Audi TT seized by CAB today. 
A 182 registered Audi TT seized by CAB today. 
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Luxury goods and cash seized in Cork CAB operation 

THE Criminal Assets Bureau (CAB) has seized a number of vehicles, expensive watches and cash from a man in his 50s who was convicted of money laundering back in 2011.

Assisted by local Detective Units along with the Garda Dog Unit, CAB conducted a number of searches this morning at three locations in Cork and one location in Kerry.

 A 161 registered Mercedes Benz car seized by CAB today. 

A 161 registered Mercedes Benz car seized by CAB today. 

The massive seizure included a 161 registered Mercedes Benz car, a 182 registered Audi TT, a Rolex watch, an Omega watch, a Mont Blanc watch and €1,400 in cash.

The man in question was previously investigated by CAB in 2011 and subsequently convicted of money laundering following an investigation by local Gardaí.

CAB also seized a number of phones and electronic devices from the individual, along with records relating to cryptocurrency purchase.

 A Rolex watch seized by CAB today. 

A Rolex watch seized by CAB today. 

In a statement issued on Facebook CAB said:

"This morning’s search operation is a significant development in an on-going Criminal Assets Bureau investigation.

"In addition to this morning’s search, CAB will consider using its Revenue tax powers in respect of any liability that may arise."