- Image credit: RTÉ.

Irish police seize nearly 200 vehicles as part of massive fraud scam

''Greed, in the end, fails even the greedy''

3w ago

16.4K

As reported by Raidió Teilifís Éireann, Ireland's National Public Service Multi-Media Organisation, a group of highly elusive criminals have had their stock of between 170 and 200 cars, worth an estimated £4million, seized by Ireland's Criminal Assets Bureau, in what's being called 'Operation Bagana'.

In recent years, the UK and Ireland have tightened their hold on money laundering operations within their respective countries, with everything from drugs, to credit card scams, and more being held under the spotlight with greater care and intensity. As a result of this reaction, you car-lovers on DriveTribe will be happy to know that a wide range of stolen cars are also being seized on the daily.

Image credit: RTÉ.

Image credit: RTÉ.

Operation Bagana is the consequence of a collective effort between the Economic Crime Bureau of the UK's West Midlands Police Unit, and Ireland's Criminal Assets Bureau - and its proving to be an incredibly worthwhile partnership in their bid the recover looted items as part of their cyber-fraud and money laundering investigation.

Whilst officials remained tight-lipped when quizzed about the situation and their heroic rescue efforts, they did say that the inspection paid close attention to an ''international organized crime group who are suspected of laundering proceeds of mandate fraud committed in the UK via a used car outlet in Co. Tipperary.''

Image credit: RTÉ.

Image credit: RTÉ.

In regards to some of the motors that have been seized, we can see an abundance of Land Rover's, BMW's (even an M3/4), Hyundai's, Volkswagen's, Lexus' and even a few Audi's. The total stock count from the Criminal Assets Bureau's recovery-list amounts to about 80 cars. They also managed to seize £19,143 in cash, whilst freezing more than £180,000 in liquidated assets and financial accounts linked to the theft-ring.

Image credit: RTÉ.

Image credit: RTÉ.

Not that it's a competition or anything, but their colleagues over at West Midlands Police managed to recover a further 90 vehicles, whilst arresting four people linked to the crimes. The sum of the West Midlands Police's recovery is expected to be significantly higher than that of the 1.8million pounds worth of steel seized by the Criminal Assests Bureau - meaning that the total theft sums we're talking about here will amount to, at the very least, £4million.

Image credit: RTÉ.

Image credit: RTÉ.

RTE has also said that, as part of their interview gatherings, it's now known that the theft ring managed to whisk away money from legitimate UK businesses via ''CEO impersonation and invoice redirect fraud.'' They then used their stolen cars to launder their further illegitimate gains, by transporting the cars to Ireland, and then selling them through car dealerships that imitated a legal business. I guess the greedy just don't know when to stop, do they?

What did you think about this criminal ring and their operations? Comment below!

Image credit: RTÉ.

Image credit: RTÉ.

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Comments (26)

  • Reminds me of Nicholas cage movie “Gone in 60 seconds”

      21 days ago
    • Can’t compare a thieving masterclass like “gone in 60 seconds” to something as amateurish as this.

        21 days ago
    • Yea, he did not use a multi-car truck trailer, did he, I think thats where he went wrong.

        19 days ago
  • Good the police did something for once😁

    Proud of them😂

      19 days ago
  • Who dreamt up ‘operation Bagana’. What does bagana mean unless it’s Irish for something??

      19 days ago
    • Not a clue, I assume they gave it the name “Bagana” for the purpose of entertaining themselves throughout the operation

        17 days ago
  • Dear Irish Police, if you happen to 'lose' one of those cars and it just happened to land up in my driveway, I would not mind. Thank you. 🤣

      19 days ago
    • It happened up the road from me. I'll keep an eye out for you 😂 No idea what Bagana is

        18 days ago
    • Oh how exciting, nothing like that happens around here. Bagana sounds like Banana spelt wrong 😀

        17 days ago
  • Who will get the cars tho? I'm not sure whether they are going to be given back to the owners or just auctioned.

      20 days ago

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