Bank accounts containing more than €21 million has been frozen by the Criminal Assets Bureau (CAB) as part of an investigation into alleged fraud and VAT evasion.
In a statement this evening the CAB said a 29 Irish male has been arrested was arrested in London and will appear before Clapham Court, London tomorrow.
The joint investigation involving An Garda Siochana, the Money Laundering Unit, Garda Bureau of Fraud Investigation Revenue Officers of Customs and Excise enforcement, together with HM Customs and Excise Officers resulted in the largest freezing of money by the CAB to date.
The fraud saw compute programming units being move between two European states to avoid paying VAT. Two of the accounts are in company names which the CAB understands are controlled by the man arrested this afternoon.
Computer equipment valued at €0.5 million was also seized and have been taken for analysis.