Gardaí have identified 28 people engaging in identity and fraud offences to obtain money under the Pandemic Unemployment Payment (PUP) system.
The investigation has uncovered a suspected international organised crime group, involving people based in Ireland and overseas.
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Today, a number of searches were carried out in Limerick and Clare in connection with the investigation.
The joint-operation involving Department of Social Protection officials, Customs and Excise officials, Gardaí and the Armed Support and Garda Dog Units, discovered a number of documents and related material.
The materials have since been seized and are currently being examined.
Gardaí say the investigation is ongoing.