Luxury cars and handbags, cash, gold worth $7m seized in 'unexplained wealth' probe

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 78%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

More than $7 million worth of luxury items such as cars, handbags and watches have been seized as police crack down on unexplained wealth in New South Wales.

Detectives from the state's Crime Commission and Organised Crime Squad started looking into assets that may have been acquired by organised criminal activity.

New South Wales Raptor Police executed search warrants across Sydney throughout Thursday to crack down on unexplained wealth. Picture: David Swift Five"man bags" were also taken, as well as luxury watches designed by Rolex and Breitling, Cartier jewellery and $10,000 in cash. Police later seized a $1 million Lamborghini Aventador in Drummoyne and several electronic devices and documents that will be examined.The seizure of the items follows the Minns government in February introducing stronger laws to give police more power to target and confiscate items from individuals who cannot explain how they purchased the asset.Organised Crime Squad Commander Detective Superintendent Peter Faux said the new powers were allowing them to get on top of criminals and associates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in CAR

Car Car Latest News, Car Car Headlines