A case brought before the High Court by the Criminal Assets Bureau (CAB) on Monday saw CAB appointed as receiver for the sale of a number of assets seized as part of Operation Stratus.
As part of the operation and ongoing investigations targeting assets linked with organised criminal activity in the Co Louth area, two mobile homes valued at €20,000 each, and two Audi A.6 cars valued at €20,000 and €14,000 were siezed.
During proceedings at the High Court on Monday, orders under Proceeds of Crime legislation were made forfeiting and appointing CAB as receiver for sale of the two mobile homes and two cars.
The assets had been identified during investigations targeting criminal groups involved in the sale and distribution of controlled drugs and feud-related activity in Drogheda.
Following this phase of the investigation Chief Superintendent Christy Mangan, Louth Division said: “This was a significant outcome for gardaí from Drogheda targeting those involved in organised crime.
“It further demonstrates the value of Divisional Garda Asset Profilers and the Criminal Assets Bureau working in parallel with our local investigating team as part of Operation Stratus.
“This approach will continue in the future.
“Gardaí in Drogheda would appeal to anyone with information on those in our community living on the proceeds of crime to contact Drogheda Garda Station (041) 987 4200, the Criminal Assets Bureau 01-6663266 or the Garda Confidential Line 1800 666 111.”
Uniformed officers attached to the Wexford Division were assisted by members from the Regional Support Unit, District Detective Unit and Cork Division Dog Unit during the operation.
At around 2am, Gardaí intercepted a van and conducted a search of the vehicle. Suspected cocaine with an estimated street value of €17,500 was seized. A short distance away, a second package containing approximately €17,500 worth of cocaine was seized after officers chased a second vehicle.
A number of follow-up searches were conducted under warrant throughout the day in Enniscorthy and Gorey. During these searches, approximately €15,000 in cash was seized.
A garda spokeswoman said: “The seven people (five men and two women) arrested during the course of the operation are currently detained under Section 2 of the Criminal Justice (Drug Trafficking) Act, A 1996 in Garda Stations across Wexford and Wicklow.”