Gardai have confirmed that they have seized over one-hundred thousand euro in cash as part of CAB raids conducted in Longford today.
A total of 16 searches were carried out in the county across 12 homes, three businesses and a professional premises.
Officers from CAB, as well as members of the Garda Emergency Response Unit and several specialist garda units, were involved in the searches which got underway at 7am this morning.
Cash with a value of €110,000 and sterling to the value of £14,000 was seized as well as three caravans and 11 vehicles including a Mercedes, Skoda Kodiaq, Isuzu DMAX, Ford Ranger, Toyota Landruiser and assorted light commercial vehicles.
Other items seized include three Power Washers, three watches, including 2 Rolex and 1 Tag Heuer and designer handbags and footwear.
Financial accounts in excess of € 80,000 were frozen by way of Orders under Section 17 of the Criminal Justice.
The CAB investigation is focused on an Organised Criminal Group (OCG) based in County Longford who are suspected to be involved in the sale and supply of controlled drugs, intimidation and extortion of monies.
According to gardai, "the OCG targeted in today's search operation is heavily involved in the ongoing feud in the Longford area and a number of members of the OCG have been before the Courts in relation to criminal incidents emanating from this feud.
Members of this OCG have amassed a large property portfolio as a result of the proceeds of their involvement in criminal activity.
Today's search operation comes as a result of ongoing liaison between the Criminal Assets Bureau (CAB) and local Gardai in Longford utilising trained Divisional Asset Profilers and marks a significant development in the CAB investigation."
