Detectives have charged a fifth man as part of investigations into an alleged $100 million money-laundering syndicate operating in south west Sydney.
In February 2018, detectives from the Criminal Groups Squad established Strike Force Tippet to investigate the large-scale supply of prohibited drugs and related organised crime offences in the south western Sydney area.
During the investigation, strike force detectives also identified an alleged money-laundering syndicate and commenced inquiries.
Following those inquiries, Strike Force Tippet investigators arrested two men – aged 29 and 30 – at a business in Guildford West, a 30-year-old woman at Merrylands West and a 30-year-old man at Sydney International Airport earlier this month.
They have all been charged and remain before the courts.
As a result of further investigations, Strike Force Tippet detectives arrested a 31-year-old man at Parramatta Police Station about 3pm on Thursday (25 July 2019).
He was charged with participate criminal group contribute criminal activity, and knowingly deal with proceeds of crime intent to conceal (not less than $100 Million AUD).
Police will allege in court that the man was a member of the syndicate and deposited large sums of cash at various financial institutions that was remitted to China.
He was refused bail and appeared at Parramatta Local Court on Friday (26 July 2019), where he was formally refused bail to re-appear at the same court tomorrow (Monday 29 July 2019).
Investigations under Strike Force Tippet are continuing.
Anyone with information that may assist Strike Force Tippet investigators is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence.
