Gardaí raid retirement home in Mullingar

It is being reported that officers from the Criminal Assets Bureau have raided a retirement home near Tullamore, Co Offaly, this morning.

The premises are believed to be partly owned by Ted Cunningham, from whose house £2.3m (€3.3m) was seized last Thursday.

Cunningham was released by the Gardaí this afternoon but a file is expected to be prepared for the Director of Public Prosecutions.

The 57-year-old businessman is thought to be a director of at least nine companies, all of which will be investigated by the Gardaí as part of this ongoing operation.