Police seize high-end cars, luxury handbags and gold bullion
Police have seized $7 million worth of luxury cars, gold bullion and property across Sydney as part of an investigation into unexplained wealth.
They were among high-end goods confiscated yesterday under the New South Wales government’s new powers to target unexplained wealth believed to be accumulated through organised crime.
Police raided multiple properties across Sydney’s south-west as part of a joint investigation that began in July.
At a Padstow property, detectives found and seized 14 luxury handbags including Hermes, Chanel and Louis Vuitton, five luxury ‘man bags’, Cartier jewellery, $10,000 in cash and four luxury watches by Rolex, Breitling and Cartier.
A case of gold bullion estimated to be worth $80,000 was confiscated in Yagoona, near Bankstown.
Police also impounded high-performance motor vehicles during their operations.
A 2021 Lamborghini Aventador was found at a Drummoyne property, while a 2018 McLaren MA3 Coupe, other cars and motorbikes as well as over $20,000 in cash were seized in Bankstown.
Police forensic experts are examining electronic devices and documents also confiscated in the raids.
NSW Police Organised Crime Squad Commander, Detective Superintendent Peter Faux, said the new powers mean authorities can come down harder on organised criminals and their associates.
“We know those at the top end of organised criminal networks follow the money – so having improved powers to target that money means we’re able to get to those right at the top,” he said.