A man in his 40s has been arrested in connection with the discovery of over 100 suspected stolen bikes in Dublin just after last Christmas.
The bikes, which were worth a whopping €250,000, were discovered in a container in Newcastle on December 27 2019.
The man was arrested on Friday following the search of a property in Cavan town.
A Garda spokesperson said: "During the course of this search, a large amount of financial documentation was recovered in addition to €7,000 in cash and memory sticks containing photographs of suspected stolen property, including bicycles.
"Following further enquiries into the financial documentation seized, a total of €122,500 was frozen in various bank accounts and a further €6,000 in cash was located in a follow up search of the residence.
"A man in his 40s was arrested at the scene and he is currently detained at Pearse Street Garda Station under Section 4 of the Criminal Justice Act, 1984.
"Investigations are ongoing."
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