Update 1.30pm

€50,000 in cash and jewellery with a value of over €20,000 was seized in today's raids in the south of Dublin city.

Other items seized were GPS trackers, a quantity of controlled substances and financial documentation.

A man was arrested on foot of an arrest warrant and has been placed in prison.

Update 9.30am

The morning raids in south Dublin began at 7am.

Gardaí were focusing on flats, apartments and house in Dublin 2, Dublin 8 and Inchicore.

It has been reported in the Irish Independent that a man was arrested during one of the raids at a south city flat.

A sniffer dog was used at another property which was kitted out with a number of security cameras.

Battering rams were at hand to enter premises with force if needed.

Update 7.40am

Gardaí targetting an organised drugs gang are searching a number of premises in Dublin.

Up to 80 gardaí are involved in raids on ten private residences in the Kevin Street and Pearse Street areas.

Read: Fresh Garda raids to hit organised gangs this morning

It is part of an on-going investigation into an organised crime gang involved in the distribution, sale and supply of controlled drugs in Dublin City Centre and adjoining suburbs.

The Criminal Assets Bureau are also thought to be helping out in this morning’s raids.

These raids follow over 18 raids carried out on Wednesday which led to a number of seizures including 29 cars, 6 motorbikes, 10 Rolex watches, jewellery and €70,000 in euro and sterling notes.

A betting slip for €38,000 on last night’s Liverpool V Manchester United game was also seized.

Liverpool was backed by the gambler as 7/4 odds.