Man re-arrested as part of significant money laundering investigation

Detectives from the Criminal Proceeds Squad re-arrested a man on Monday as part of a significant joint agency investigation into an organised crime syndicate linked to one of Australia’s largest ever money laundering operations.

A warrant was executed at a Box Hill address on Monday morning.

A 39-year-old Box Hill man was further charged with 16 counts of dealing with proceeds of crime, three counts of commit indictable offence whilst on bail and contravene conditions of bail.

He was remanded to appear at Melbourne Magistrates’ Court on 2 November.

Police will allege the man submitted over 250 applications for credit through multiple financial institutions, obtaining over $100,000 from his offending, and attempting to obtain a further $161,488.

The charges follow an additional five arrests in October 2021 of a then 38-year-old Box Hill man, a 32-year-old Burwood man, a 32-year-old Blackburn man, a 36-year-old Endeavour Hills man and a 31-year-old Caulfield North woman.

The Burwood, Box Hill and Blackburn men were all charged with Commonwealth money laundering and structuring charges as well as state proceeds of crime charges.

Police also seized a significant quantity of cash, believed to be several million dollars, along with boxes of illicit tobacco, a cash counter, electrical equipment, jewellery, high-end clothing and sporting memorabilia.

Luxury vehicles were also seized including a Porsche, BMW X5, Toyota Landcruiser and Mercedes Coupe C200.

Anyone with information about this matter is urged to contact Crime Stoppers on 1800 333 000 or submit a confidential crime report at Link

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