A MILPERRA man has been charged after police raids on properties across Sydney following a joint-agency investigation into money laundering.
Police say they have dismantled a Sydney based, cocaine-supply syndicate as a result of the investigations.
Over the course of the investigation, which began in June 2016, Australian Border Force stopped a man, 49, as he arrived in Sydney from Thailand on September 2, 2016.
Police later seized 111 pellets containing cocaine, with a total weight of 1.1kg, which were allegedly secreted inside the man. He was subsequently charged along with two further men on December 21, 2016
Following further investigations, Strike Force Bugam officers, executed six search warrants at Milperra, Padstow, Panania, Dee Why, Five Dock and Lidcombe from 5am last Tuesday. Investigators seized cash, steroids, fireworks, mobile phones, SIM cards, computers, electronic storage devices, an amount of white powder, believed to be cocaine, and a stolen boat, which had allegedly been rebirthed.
A 42-year-old man was arrested at the Milperra home and charged with a number of offences, including participating in a criminal group, and publishing false misleading material to obtain advantage.
Two 22-year-old men were charged after the raids at Dee Why and Lidcombe.