Third Sydney charged ‘over money laundering ring’

  • A gun and millions in cash were discovered at a west Sydney home this week 
  • Two men, aged 30 and 38, were arrested in raids in North Sydney on Tuesday
  • They have been charged and have since faced the court, police said
  • A third man was arrested on Thursday following the search of two properties
  • The contraband was siezed at two homes in Erskine Park and St Clair

A third Sydney man has been charged over an alleged multi-million dollar money laundering ring after $3.6 million in cash and a pistol equipped with a silencer were seized by police earlier this week.

The alleged racket was uncovered in 2014 when a police strike force began investigating the large-scale supply of prohibited drugs in NSW.

Two men, aged 30 and 38, were arrested in early morning raids in North Sydney on Tuesday and have since faced court.

A third Sydney man has been charged over an alleged multi-million dollar money laundering ring after $3.6 million in cash and a pistol equipped with a silencer were seized by police earlier this week

Two men, aged 30 and 38, were arrested in early morning raids in North Sydney on Tuesday and have since faced court.

Two men, aged 30 and 38, were arrested in early morning raids in North Sydney on Tuesday and have since faced court.

A third man was arrested on Thursday following the seizure of the contraband at two properties in the western suburbs of Erskine Park and St Clair.

The 31-year-old was charged with knowingly dealing with the proceeds of crime, possession of an unauthorised pistol, two counts of possess unregistered firearm-prohibited firearm, not keeping a firearm safely-prohibited firearm, and deal with identity info to commit indictable offence. 

He was refused bail to appear at Sydney Central Local Court on Friday.

The investigation is ongoing. 

A third man was arrested on Thursday following the seizure of the contraband at two properties in the western suburbs of Erskine Park and St Clair

A third man was arrested on Thursday following the seizure of the contraband at two properties in the western suburbs of Erskine Park and St Clair

 

 

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