Police make massive cash haul

Last updated 14:00 23/01/2014
cash

KA-CHING: Australian police found $6 million in cash in a south Sydney apartment.

Relevant offers

Australia

Cancer con-artist Belle Gibson faces $1m fines Man who sued education department for his illiteracy is back in court 'No plants left, whatsoever' – Melbourne resident left shocked after thief dressed in a bathrobe steals his plants Mother of dead student Michelle Leng speaks of her loss Sydney underworld comes out to farewell killer Walid 'Wally' Ahmad 60 Minutes: Adam Whittington pleads with Australia not to abandon him Sky abuzz with meteors, super new moon and Mercury transit Bureaucrats finally spill the secrets of Tony Abbott's wine Deportee building new life gets shock visit Student given A$4.6m in Westpac overdraft error may not have broken law

Police have found $5.7 million (NZ$6.07m) in cash in a south Sydney apartment in what has been described as one of Australia's largest cash seizures.

A 58-year-old US citizen is in custody after police on Saturday found seven suitcases in the Mascot unit he was staying at, Australian Federal Police Commissioner Tony Negus saidy.

He made the announcement after briefing the media about a special task force launched by the Australian Crime Commission, codenamed Eligo, which last year seized more than A$580 million worth of drugs and assets associated with money laundering.

"This is one of Australia's largest cash seizures," Negus told reporters in Sydney.

The man arrived in Australia via Costa Rica two days before his arrest and denies owning the money.

He was charged with one count of dealing with property worth over A$100,000, reasonably expected to be the proceeds of crime.

The maximum penalty is three years in jail, but he could face up to 25 years if police charge him with money laundering.

Ad Feedback

- AAP

Special offers

Featured Promotions

Sponsored Content