As part of ongoing targeting of illicit activities of criminal networks, Strike Force Raptor executed a search warrant at a home in Carnation Avenue, Bankstown, in November.
During a search of the home, investigators located a loaded Beretta 9mm pistol, which had been reported lost, a stolen firearm, ammunition, prohibited drugs, and $197,000 worth of jewellery.
These items were seized to undergo forensic examination. Following extensive inquiries, officers arrested a 19-year-old man outside a house in Bankstown about 4.30pm on Saturday.
He was taken to Bankstown Police Station, where he was charged with two counts of possessing a prohibited drug, two counts of possessing an unauthorised pistol, two counts of possessing an unregistered pistol, two counts of not keeping a firearm safe, possessing ammunition and goods in custody suspected of being stolen.
The man was refused bail and is before the courts.
Investigations are continuing.
