Over €100m Seized By CAB Over...


Over €100m Seized By CAB Over 11 Years

Emma Tyrrell
Emma Tyrrell

06:53 8 Dec 2022

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Almost €108 million worth of cash and assets was seized by the Criminal Assets Bureau in the space of 11 years.

It was recovered from criminals after orders by the High Court.

CAB was set up in 1996, less than four months after the murder of journalist Veronica Guerin in Dublin. It seizes property from criminals who acquired it through illegal means.

The bureau involves four agencies, the Gardaí, Revenue Commissioners and the Departments of Justice and Social Protection.

New figures show the amount of seizures by CAB between 2011 and 2021.

Aontú leader Peadar Tóibín obtained the figures from the Minister for Justice;

"These are startling figures. A €108 million of cash and assets have been seized over that period and is also shows about €60 million have been recovered by CAB in relation to revenue and social welfare for that time as well."

2019 was by far the biggest year for seizures after €53 million worth of cryptocurrency was frozen by CAB.

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Aontu Cash Criminal Assets Bureau High Court Peadar Toibín Veronica Guerin

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