Update 10/10/20:

The man, aged in his 50s, who was arrested for suspected pension fraud of over €500,000 in Cork city yesterday morning, 9th October 2020, has been released without charge.

A file will be prepared for the Director of Public Prosecutions in relation to this matter.

Investigations ongoing.

Gardaí have arrested a man in relation to suspected pension fraud amounting to in excess of €500,000 over a 30 year period.

As part of a joint investigation between An Garda Síochána and the Department of Employment Affairs and Social Protection (DEASP), Gardaí arrested a man, aged in his 50s, in Cork city this morning, October 9, 2020.

Gardaí and investigators from DEASP later carried out a search at a house in Co. Cork where they seized €9,800 in cash.

The alleged pension fraud has been taking place since 1987 with over €500,000 being claimed.

The man is currently detained at the Bridewell Garda Station under Section 4 Criminal Justice Act, 1984.

Speaking at Anglesea Street Garda Station today, Detective Inspector Daniel Coholan said “Gardaí and the Department of Employment Affairs and Social Protection have a long standing relationship which aims to target those who attempt to defraud the state.”

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