A man will appear in court today charged after detectives seized more than $2.5 million cash and 2.5kg of cocaine in the Sydney CBD overnight.
Following information received, investigators from the State Crime Command's Organised Crime Squad, with assistance from the Public Order and Riot Squad (PORS) and Sydney City Police Area Command, executed a search warrant at a unit at Haymarket from 12.15am today (Thursday 1 October 2020).
During the search of the unit, investigators seized 30g of cocaine, $10,000 cash, casino chips valued at $1750, over $100,000 worth of watches, a money counter and documentation.
A search of a Volkswagen SUV was also undertaken at Haymarket, with police locating suitcases, boxes and bags, containing more than $2.5 million cash and more than 2.5kg of cocaine.
All items seized will undergo further examination.
A 28-year-old man was arrested at the unit and taken to Surry Hills Police Station, where he was charged with knowingly deal with proceeds of crime and supply prohibited drug (large commercial quantity).
He was refused bail to appear at Central Local Court today.
Organised Crime Squad Commander, Detective Superintendent Martin Fileman, said the arrest is a testament to the collaborative effort of local police and specialist investigators.
"Today's results can be directly attributed to good old-fashioned policing, with officers from across the organisation working together to remove harmful substances from our streets," Det Supt Fileman said.
"The cocaine that was found was broken into small amounts, clearly ready for supply in the community and with an estimated potential street value of $1.25 million.
"Anyone who choses to actively participate in organised criminal activities – including money laundering and drug supply – will be pursued by police and brought before the courts," Det Supt Fileman said.
Investigations are continuing.
Anyone with information about the supply of prohibited drugs is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence.
