Criminal Assets Bureau seizes 80 cars worth €2 million in Tipperary and Clare

An investigation into a UK-based organised crime group has lead to the seizure of 80 cars worth €2 million from a car dealership in Co Tipperary.

The dealership is believed to have been used as a front for money laundering as the gang is suspected to be involved in invoice redirect fraud.

Six searches took place at homes and businesses located in Clare and Tipperary this morning and over €200,000 was frozen in bank accounts here.

These six searches were lead by CAB, Emergency Response Unit, Stolen Motor Vehicle Investigation Unit, Garda National Immigration Bureau and the Revenue Customs Dog Unit.

The organised crime group, with members from Pakistan and Lithuania, has been stealing money from UK businesses through CEO invoice redirect fraud.