Seven people were arrested and over a million euro in funds seized in a series of Garda raids in Wicklow and Dublin yesterday, targeting a money-laundering ring working for organised crime.
Officers from the Criminal Assets Bureau -- backed up by armed gardaí -- searched thirteen homes and businesses. They found over 730-thousand euro in cash -- and have also frozen over three hundred thousand euro in Irish bank accounts, which they say was the proceeds of crime in the process of being laundered for Irish and international gangsters.
Four cars and other high-value items were also seized during the operation while the ownership of some of the properties is now also being investigated.
Seven people were arrested on suspicion of money-laundering offences and are being held at several Garda stations in Dublin.
