One man was arrested as gardaí seized €62,800 in cash and a high-powered car in Cobh, Co Cork on Saturday.
As part of ongoing investigations into the sale and distribution of controlled drugs and associated criminal activities in Co Cork, gardaí from the Midleton District Drug Unit, assisted by local Garda units from Cobh, Midleton and Fermoy, conducted an operation in Cobh on Saturday afternoon.
During the operation, gardaí searched a residential property in Cobh and seized a substantial sum of cash, amounting to €62,800, along with a high-powered car.
A man in his late 30s was arrested at the scene and is currently detained under Section 2 of the Criminal Justice (Drug Trafficking) Act, 1996, at a Garda station in Co Cork. He can be held for up to seven days.
In a subsequent operation, a second residence in the Cobh area was also searched, where investigating gardaí seized €3,500 worth of suspected cocaine, a significant quantity of ammunition (180 rounds), an ammunition press, incapacitant OC spray, and drug-related paraphernalia. All seized items are subject to forensic analysis and examination.
Investigations are ongoing, gardaí said.