Gardaí investigating an insurance 'Ghost Broker' have seized cash, cars and watches in a series of raids in Dublin.
During yesterday's searches officers seized a large amount of cash along with a number of high-value watches and five cars
They also found an imitation firearm and a small quantity of drugs.
Six bank accounts with more than €200,000 in them were also frozen.
A man in his mid 30s was arrested after a search of a house in Lucan and is being held under Section 4 Criminal Justice Act 1984 at Ronanstown Garda Station.
Officers are carrying out further searches.