A man has been arrested in Dublin in connection with a fraud investigation.
It follows a search operation by the Garda National Economic Crime Bureau in Swords yesterday as part of an ongoing investigation into the fraudulent claiming of Pandemic Unemployment Payments (PUP) and the laundering of the proceeds of international Business Email Compromise (BEC) frauds.
The value of money stolen as a result of the PUP fraud is approximately €49,500. It was paid into a number of bank accounts set up using false identities. Separately, an estimated €120,000 was stolen in an online fraud and paid into the same accounts.
During the course of the search yesterday morning laptops, phones, documentation, a quantity of cash and a car were seized.
A man in his late 20s was arrested and is currently detained under Section 50 of the Criminal Justice Act, 2007 in Swords Garda Station.
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