Detectives from the Echo Taskforce have seized drugs and cash following an arrest in Southbank last night.
A 47-year-old South Australian man was intercepted driving a truck on Dorcas Street about 9.30pm.
Police subsequently executed a search warrant and located a large amount of cash, believed to be at least $5 million dollars, as well as a quantity of drugs.
The man has been charged with knowingly possess proceeds of crime with intent to conceal the proceeds of crime, traffick cocaine and possess cocaine.
He will appear at Melbourne Magistrates' Court this afternoon.
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