An alleged drug trafficker's property empire and luxury cars worth around £2.75 million (€3.94 milion) have been frozen by the High Court in Belfast, it was revealed tonight.
The Assets Recovery Agency (ARA) was granted an Interim Receiving Order at the High Court after claiming Wai Keung "Nicky" Cheung amassed the portfolio through narcotics, fraud and tax evasions.
Bank and credit card account have also now come under the control of the authorities.
In its application ARA produced evidence that Mr Cheung, of Moira Road, Lisburn, Co Antrim, has a criminal record which includes two convictions for drug trafficking offences.
They also alleged in court that he was involved in multiple fraud/tax evasion offences as he acquired homes and apartments across Belfast and north Down.
It was the third successful action mounted by the Agency in Northern Ireland in a fortnight.
The move involves the proceeds from the sale of a number of apartments; the contents of 40 bank and credit card accounts; a Porsche Cayman 9 Coupe and a BMW X3.