Forty six cars have been seized by the Criminal Assets Bureau during a series of searches at businesses in Dublin as part of an investigation into serious and organised crime.
Up to €60,000 in cash and jewellery was also seized.
CAB officers backed up by armed gardaí from the Organised Crime and Emergency Response Units raided 20 locations including garages, car showrooms, and solicitor and accountancy offices.
Gardaí say the raids are part of an ongoing operation into the activities of a west Dublin criminal gang.
They are focused on identifying and targeting criminal assets including money laundering.
The series of raids on private and commercial premises began early this morning.
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They are part of an investigation into a Ronanstown based criminal gang involved in the drugs trade, mainly cocaine.
The main target is a 30-year-old from Clondalkin who is well-known to gardaí and has been caught with drugs in the past.
VAT fraud and VRT irregularities are also being investigated.
CAB suspects the motor trade is being used to supply cars to criminal gangs and their associates and conceal the profits of drug dealing.
Officers have also identified links to the Kinahan crime cartel.
They believe the cartel is not only supplying drugs to the west Dublin gang, but that at least one car has been supplied to the girlfriend of a senior figure in the Kinahan cartel, who is also a suspected drugs courier.
Industrial lock-ups were also searched in west Dublin.
