Man arrested over theft of 116 bicycles worth estimated €250,000

Man arrested over theft of 116 bicycles worth estimated €250,000
Gardaí have arrested a man in connection with the seizure of a container of 116 bicycles in Dublin last year.A male in his 40s was detained during a follow-up search operation in Cavan on Saturday morning as part of the investigation into the discovery of the bicycles in a container stored at allotments in Newcastle,…

Gardaí like arrested a man in connection with the seizure of a container of 116 bicycles in Dublin closing year.

A male in his 40s became detained throughout a observe-up search operation in Cavan on Saturday morning as piece of the investigation into the invention of the bicycles in a container kept at allotments in Newcastle, Co Dublin on December 28th, 2019.

The container became examined as piece of ongoing investigations by gardaí from Pearse Avenue into the theft of bikes in Dublin metropolis centre.

It is miles estimated the mixed tag of the stolen bikes, many of which had been hi there-spec devices, display hide within the container became about €250,000.

At 6.30am on Saturday morning, gardaí hooked as a lot as the Avenue Crime Unit and District Detective Unit at Pearse Avenue implemented a planned search of a predicament in Drumgola Wood on the outskirts of Cavan town.

Right by the direction of the hunt, gardaí seized €7,000 in money as effectively as a huge quantity of financial documentation and reminiscence sticks containing photos of suspected stolen property, including bicycles.

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Following examination of the documents, gardaí organized to love €122,500 frozen in a quantity of bank accounts, whereas a additional €6,000 became display hide in a observe-up search of the home.

The suspect became arrested at the scene and is currently being detained at Pearse Avenue Garda space below Share 4 of the Prison Justice Act 1984.

A Garda spokesman acknowledged investigations had been persevering with.

Gardaí imagine a colossal quantity of bicycles stolen in Dublin every year are taken as piece of an organised criminal community.

A median of 14 bikes had been stolen within the Republic daily closing year basically based on decent crime figures, though cycling campaigners imagine the correct figure might presumably well also very effectively be as a lot as three times higher.

Figures per the Garda Pulse gadget display hide a complete of 5,258 bicycles had been reported stolen throughout 2019, with 71 per cent of all thefts recorded in Dublin.

Last year’s figure represents a 2 per lower on the selection of bicycles stolen in 2018 and it is some distance the bottom annual complete within the previous five years.

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Theft of bicycles peaked in 2017 when practically 6,000 had been stolen.

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