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The operation, by CAB and local gardai, took place in Longford.
A man has been arrested in relation to deception and money laundering charges of €100,000.
He was arrested at around 730 this morning at Corboy in Longford.
The Garda investigation is being carried out with assistance from the Criminal Assets Bureau.
The man in his 40s is being held at Longford Garda Station.
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