Gardai in Co. Leitrim have arrested a man (49) as part of a €4 million fraud investigation.

The man was detained after the search of a house by officers from the Garda Fraud Squad and the Criminal Assets Bureau (CAB).

The arrest follows an on-going investigation by gardai into investment fraud and related money laundering.

Gardai say they have also frozen "a significant amount" of money held in various bank accounts.

The suspect is being questioned at Carrick-on-Shannon garda station under Section 4 of the Criminal Justice Act 1984.