DUBLIN, Ireland - The Criminal Assets Bureau carried out searches on Tuesday at an address in the Coolock area of Dublin 17.
In the course of the raid, a VW Golf GTI sedan, a women's Rolex watch, computer equipment, mobile phones and documents were seized.
The search operation was part of an on-going investigation targeting the proceeds of crime.
A CAB statement said Tuesday's operation is significant in the context of the overall investigation.
"The investigation is primarily related to the purchase of property and expenditure on refurbishment and extensions."
"A second search is being conducted at a professional office in Dublin," the statement said.