BREAKING NEWS
Search underway for worker in Waihi mine following accident ... More soon
Close

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

Kiwi couple in Perth can take action against ANZ over worthless life insurance Boy 'has a target on his head': lawyer Serial Western Australia stalker jailed for more than four years Police investigating Cardinal George Pell child abuse allegations: report Hammer killer gets 20 years jail for Australian's murder Perth photographer captures amazing encounter between shark and surfers Horse trainer Bindi Cheers found after three-day bush search Brisbane bus stop advice: 'pack up and go back to New Zealand' Australian worker unfairly sacked for looking at women in bikinis Ralph Kelly says 'painful goodbye' after son Stuart Kelly's death

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