CAB seizes luxury watches in raid on 'flashy' €1m home
A property in west Dublin is at the centre of the latest series of raids carried out by the Criminal Assets Bureau (CAB).
The CAB is probing whether the house, which is worth over €1m, was bought with the proceeds of crime.
A search operation was carried out at the luxury property in Saggart, which officers suspect was bought by an organised crime gang with links to the Kinahan cartel.
CAB officers were backed up by members of the Dublin-based Armed Support Unit as they searched the property yesterday morning.
Two high-end Breitling watches were seized, along with documentation, mobile phones, computers and hard drives.
Enquiries were also carried out at a number of other locations in west Dublin, where several people were interviewed about the purchase of property.
"This is a very flashy property - it is beautiful on the inside as well," a source said.
"It is a question of finding out exactly how this property was funded."
Sources said the raids were part of a lengthy investigation into money laundering and other suspected crimes.
The CAB has been extremely active in recent months, carrying out raids against multiple crime gangs across the country.
In a separate probe earlier this month, the bureau conducted seven searches as part of an operation targeting the Kinahan cartel, including one at the home of a woman who had formerly been employed in a prominent legal office.