7News Sydney has reported that police have busted an international crime syndicate in Sydney and Melbourne, arresting 27 people and seizing a large quantity of money, goods and casino chips.
Among the seized property are AUD$5 million in residential properties, AUD$4 million in cash, AUD$600,000 in casino chips, AUD$10,000 worth of jewellery and designer handbags, luxury and exotic cars, and 42 kilograms of drugs.
According to reports, the campaign against the syndicate was called "Operation Volante" and headed by Australian Federal Police in conjunction with Victoria Police. The operation began last April with the goal to "target a long-standing organized crime group importing and trafficking large quantities of illegal drugs into Australia." It has not been made aware if the two events within the past week are related.
Commander David Sharpe of the Australian Federal Police stated, "This investigation was about following the money trails, removing the wealth and cutting off distribution networks in Australia and internationally.
"This investigation is not over," Sharpe added. "It continues across Australia and internationally and further arrests will be made."
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