The Criminal Assets Bureau (CAB) have reported a tenfold increase in the value of seizures following a rise in criminal activity by travelling gangs and organised crime.
The CAB was established with powers to focus on the illegally acquired assets of criminals involved in serious crime. According to their latest report, assets with a value of €7m were seized in 2017 in comparison to just over €0.6m in 2016.
A seizure of livestock to the value of €29,636 was also made by the Bureau during the year.
In total, 100 seizures were made with the rise being attributed to the fact that more than double the number of cases have been taken this year in comparison to last year.
Vehicles accounted for 44 of those seizures. During 2017 a number of mid-range to upper-range valued vehicles were targeted in response to actions being taken by those involved in crime to purchase lower valued vehicles in an attempt to avoid detection.
An example of the types of vehicles seized by the Bureau were: Yahama 250X motorcycle Lexus.Audi A1, A3 and A5. Mercedes CLK220, E20, CLA220AMG. BMW 740, M6, X5. Volkswagen Golf.
In terms of value, 35 financial asset seizures made up €3.5m of the seizures while eight properties that were seized came to a value of €2.5m.
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