A man has been arrested in a search operation in Dublin described by gardai as targeting "a significant drug trafficker operating within this jurisdiction".
The Criminal Assets Bureau searched a house this morning and seized €64,000 in cash, cocaine and cannabis worth €45,000, and five designer watches.
A bank account containing over €40,000 has been frozen.
Gardai say: "The operation targeted a significant drug trafficker operating within this jurisdiction. The CAB investigation in to property and assets funded with the proceeds of crime was originally referred to the Criminal Assets Bureau by the DMR West Roads Policing Unit and prior to this mornings search had resulted in the seizure of €150,000 in cash.
"This morning’s search operation is a positive development in an on-going Criminal Assets Bureau investigation targeting assets accumulated by a significant drug trafficker."
Today's operation involved the search of a single dwelling and resulted in the following seizures:
• The seizure of €64,000 in cash
• The freezing of a bank account containing €40,833
• The seizure of €45,000 worth of controlled drugs (Cocaine and Cannabis)
• The seizure of three Rolex watches
• The seizure of a Hublot watch
• The seizure of an Audemars Piguet watch
• The seizure of computers, drives, phones and documentation in relation to property ownership.
One man was arrested during the course of the search and is currently detained under Section 4 Criminal Justice Act, 1984 at a Garda station in Dublin.
