CAB seized almost €6.4m in ‘ill-gotten gains’ last year, including luxury cars, handbags and watches

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CAB seized almost €6.4m in ‘ill-gotten gains’ last year, including luxury cars, handbags and watches
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A €28,000 Audemars Piguet watch among seizures made from Graham Whelan when he was staying at the Intercontinental Hotel

seized almost €6.4 million in “ill-gotten gains” last year, while it also hit 11 individuals and corporate entities with tax bills which amounted to €8.9 million, its annual report shows.

The value of assets seized under the new proceeds of crime cases commenced by the bureau ranged in value from €9,718 to €1,948,147. Gardaí conducted a raid when Mr Whelan was at the Intercontinental Hotel in Dublin in early 2019. They found a drugs “tick list”, six mobile phones, including an “Encrochat” device, a small quantity of controlled drugs, cash, and the Audemars Piguet watch.. The house, which was valued at up to €800,000, was found to have been bought with the proceeds of drug-trafficking.

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