Luxury lifestyle thwarted by drug bust

A luxurious automotive and two properties are amongst hundreds of thousands of {dollars}’ value of property seized by federal police in a serious Operation Ironside investigation.

The property – value about $4.4 million – are allegedly linked to a Sydney man who was charged in June final yr with importing cocaine.

Federal Police have seized two properties in NSW and Queensland, together with a Mercedes Benz automotive and 6 financial institution accounts underneath restraining orders made on August 4.

Stephen Fry, AFP Commander Felony Property Confiscation, stated the lavish alleged prison life-style was short-lived.

“This case is considered one of many ongoing issues underneath Operation Ironside, the place the AFP and state regulation enforcement companions proceed to fight the revenue motivations of the prison enterprise mannequin,” he stated.

“No particular person or prison group is past the attain of the duty pressure.”

Operation Ironside is a serious police investigation into transnational and critical organised crime allegedly answerable for enormous drug imports and manufacturing operations.

Funds derived from the sale of property are positioned into the Confiscated Property Account, which is managed by the Australian Monetary Safety Authority.

Commander Fry stated the funds will be distributed by the Legal professional-Basic into crime prevention or diversion applications throughout the nation.

“The AFP is relentless in pursuing each authorized avenue to deprive criminals of their ill-gotten wealth, taking the revenue out of their crimes and disrupting future prison operations,” he stated.

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