Man charged over the alleged laundering of $15 million - SCC Organised Crime Squad
Friday, 24 March 2017 09:05:26 AM
A man will face court today, charged with large-scale money laundering after being stopped with almost $350,000 in cash in his possession, allegedly proceeds of crime.
NSW Police Force and the NSW Crime Commission (NSWCC) are investigating the importation and supply of prohibited drugs and money laundering throughout Sydney under Strike Force Karson.
As part of ongoing inquiries, detectives from the State Crime Command’s Organised Crime Squad stopped a vehicle on Punchbowl Road, Punchbowl, about 4.30pm yesterday (Thursday 23 March 2017).
After speaking with the male driver, police searched his vehicle, allegedly located a box containing almost $200,000 cash.
The 42-year-old man was arrested and taken to Campsie Police Station.
Following the arrest, a search warrant was executed at a home unit on Beamish Street, Campsie.
Strike force investigators allegedly located and seized almost $145,000 in cash, mobile phones, laptops, electronic tablets, and passports.
The man was charged with 16 counts of recklessly deal with the proceeds of crime.
Police will allege the man was involved with the laundering of almost $15 million between June 2016 and March 2017.
He has refused bail to appear at Burwood Local Court later today (Friday 24 March 2017).
Investigations under Strike Force Karson are continuing.