CAB seizes €220,000 worth of Cork drug dealer’s assets
■ Gardaí strike significant blow to Cork drug-dealing network ■ Over 140 officers swoop on 22 properties in day of action
A convicted drug dealer has been deprived of almost €50,000 in either cash or in bank accounts as well as sixhigh powered cars worth around €170,000 following a massive operation in Cork.
The Criminal Assets Bureau (CAB) targeted the man, in his early 40s, after receiving a file on him from a local asset profiler based in the Cork West division.
The intelligence-led operation culminated at 4am yesterday when more than 140 gardaí swooped on 21 premises in Cork, mostly in the Bandon area, and on one location in Roscrea, in Co Tipperary.
They searched 11 residential premises, four businesses, six professional premises — including solicitors’ and accountants’ offices — and a hotel, where a room was searched. CAB took away:
■ Six high-powered cars, worth around €170,000, including a 191 reg Renault Kadjar and a 171 Range Rover; ■ €22,500 in cash — as well as freezing more than €25,000 in four bank accounts;
■ Two Louis Vuitton bags;
■ A Rolex watch.
Gardaí also seized a small quantity of what is suspected to be cocaine, and some cannabis herb, as well as mobile phones and financial documentation.
Two men were arrested, one on foot of a bench warrant and the other for separate drug offences.
The main target, with an address in the Clonakilty area, is suspected by CAB of financing businesses in order to launder the proceeds of crime, particularly in the West Cork area.
CAB believe this has been done through beauty parlours and tanning shops, as well as a pub in the Bandon area. The target is also suspected of providing seed capital for a motor business.
The operation involved gardaí from the Cork West Division, the Emergency Response Unit, the Southern Armed Support Unit, and the Dog Unit.
Gardaí believe they have dealt a significant blow to a large drug-dealing network in Cork following a series of dawn raids.
Two men were arrested and six cars worth over €170,000, as well as cash, luxury handbags, drugs, phones, and documents were seized in the Criminal Assets Bureau (CAB) operation targeting a convicted drug dealer with links to several businesses in West Cork.
The intelligence-led operation culminated at 4am yesterday when more than 140 gardaí executed search warrants on 22 properties.
They swooped on 21 premises in Cork, mostly in the Bandon area, and on one in Roscrea, Co Tipperary, searching 11 residential premises, four business premises, six professional premises, including solicitors and accountants’ offices, and a hotel, where a room was searched.
By lunchtime, they had seized:
■ Six high-powered cars: A 191-registered Renault Kadjar; 182 Kia Sportage; 142 Skoda Superb; 171 Range Rover; 162 Hyundai Santa Fe; 151 Volkswagen Passat;
■ €22,500 in cash;
■ Two Louis Vuitton bags, a Rolex watch, and jewellery;
■ Small quantities of cocaine and cannabis herb.
They froze funds, believed to be in excess of €25,000, in four accounts in financial institutions, and seized financial records, phones, and computers for analysis.
Two men were arrested, one on foot of a bench warrant and the other under section 15 of the Misuse of Drugs
Act 1997 for an offence alleged to have occurred on an earlier date.
The CAB investigation centres on a convicted drug dealer in his early 40s who, it is believed, has been laundering the proceeds of criminal conduct — the supply of controlled drugs — through businesses in West Cork, including beauty parlours and tanning shops, as well as a pub in the wider Bandon area. The target is also suspected of providing seed capital for a motor business.
Chief Superintendent Con Cadogan said the target was identified following almost a year of investigation by a newly trained divisional asset profiler in West Cork — highly trained gardaí who assess intelligence from a range of sources to identify the assets of people which have been derived, or which are suspected to have been derived directly or indirectly from criminal conduct.
“Intelligence was gleaned from many sources within the community,” said Chief Supt Cadogan.
“I would like to thank the people of West Cork. Many have reported various activities in relation to the supply of drugs and we take all of those reports very seriously.
“Unfortunately it has taken 12 months but I think we have had a very successful day and I have no doubt it will make a significant impact on the distribution, sale and supply of drugs.”
Several Garda units were involved in the raids, including CAB officers, local uniformed gardaí and detectives, the emergency response unit, the regional armed support unit, the garda dog unit, and the divisional search team.
In Bandon, Co Cork, six high-powered cars and other assets were seized from a convicted criminal.
Luxury vehicles, high-end watches, and drugs were seized in early-morning Criminal Assets Bureau raids on 22 premises.
€22,500 in cash was seized in the raids on 21 premises in West Cork and one in Co Tipperary. Financial records were also seized, and a number of accounts frozen.