Detectives from the Gold Coast Major and Organised Crime Squad have charged two men in relation to the alleged extortion of a 62-year-old man.
Police will allege the 65-year-old Surfers Paradise man and 39-year-old Robina man, over a period of ten days threatened violence against a 62-year-old man unless he gave them a sum of $400,000.
Yesterday at approximately 11.30am, the men were taken into custody at a Lae Drive shopping centre at Runaway Bay, where it is alleged they were continuing attempts to extort money from the 62-year-old man.
A search of the 39-year-old man allegedly located a knife and a small quantity of testosterone.
The 65-year-old man has been charged with one count of extortion with intent to gain benefit with threat of detriment.
The 39-year-old man has been charged with one count each of extortion with intent to gain benefit with threat of detriment, possessing a dangerous drug and possession of a knife in a public place.
Both men are expected to appear before Southport Magistrates Court this morning.
Investigations remain ongoing.
If you have information for police, contact Policelink by providing information using the online suspicious activity form 24hrs per day at www.police.qld.gov.au/reporting.
Report crime information anonymously via Crime Stoppers. Call 1800 333 000 or report online at www.crimestoppersqld.com.au.
