A man in his 40s has been arrested in connection with the seizure of 116 suspected stolen bicycles in Co Dublin last year.

The bikes, worth an estimated €250,000, were found in a container in Newcastle last December 26th.

In a related operation yesterday morning, gardaí searched a residence in Cavan Town.

Officers discovered financial documentation, €7,000 in cash and memory sticks with photographs of suspected stolen property.

€122,500 was later frozen in bank accounts and €6,000 in cash was also seized in a follow-up search.

A man in his 40s was arrested, and is now being detained at Pearse Street Garda Station under Section 4 of the Criminal Justice Act.

Main image: File photo of the suspected stolen bikes via An Garda Síochana