Cars, designer clothing, drugs and hundreds of thousands in cash have been seized by NSW Police who arrested multiple people in a sting on an alleged $80 million money-laundering syndicate.
Strike Force Tippet detectives were first alerted to the alleged large-scale supply of illicit drugs linked to an organised crime group in February 2018.
Four search warrants that were executed at units in Peakhurst and Belmore in Sydney’s south-west on March 22 this year resulted in the seizure of one kilogram of methylamphetamine, 600g of cocaine, one litre of GBL, three vehicles, designer clothing, and $360,000 in cash.
Three men, all aged 22, were also arrested and charged during the raids. The trio are currently involved in the court process.
Further investigations then launched by NSW Police have revealed links between the three men and the alleged money-laundering syndicate.
Two more men, aged 29 and 30, were arrested about 9am today at a business in Guildford West and a 30-year-old woman was arrested at a home in Merrylands West.
All three people arrested today are assisting police with inquiries at Merrylands Police Station, and search warrants have been executed at the business, home and another location in Sydney’s CBD.