A man is before the courts as Organised Crime Squad detectives continue to investigate the illegal operations of a criminal syndicate in Sydney’s south-west.
In July, the State Crime Command’s Organised Crime Squad established Strike Force Hamblin to investigate money laundering and prohibited drug supply by a criminal syndicate.
As part of ongoing inquiries, detectives stopped a vehicle on Exceller Street, Bankstown about 3pm on Tuesday 11 August 2020.
A search of the vehicle revealed $700,000 cash stored in seven clear resealable bags. The money was seized for forensic examination along with a mobile phone.
The driver, a 40-year-old man, was arrested and taken to Bankstown Police Station.
Later that evening, a subsequent search warrant was executed at the man’s home in Condell Park where police located and seized an additional $36,000 cash, money counters, heat sealers, digital scales and an electronic stun device.
He was charged with knowingly deal with proceeds of crime.
The man was refused bail and appeared at Bankstown Local Court on Wednesday 12 August 2020, where he was formally bail refused to reappear at the same court on tomorrow (Wednesday 19 August 2020).
Investigations under Strike Force Hamblin are continuing.
Anyone with information that may assist detectives is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence.
