A man who was arrested yesterday in relation to suspected pension fraud of more than €500,000 over a 30-year period has been released without charge.

The man, who is in his 50s, was arrested in Cork city as part of a joint investigation with gardaí and the Department of Employment Affairs and Social Protection.

Gardaí and department investigators later carried out a search at a house in Co Cork, where they seized €9,800 in cash.

The alleged pension fraud had taken place since 1987, with over €500,000 being claimed.

The man was questioned at Bridewell Garda Station and later released without charge.

A file is being prepared for the Director of Public Prosecutions.