Massive Drug and Money Laundering Bust Rocks NSW
NSW Police’s Organised Crime Squad has smashed a major money laundering and drug distribution ring in a sweeping crack-down. Seven suspects now face serious charges following Operation Phobetor-Enyo — a joint task force effort involving NSW Police, the Australian Federal Police, and other crime-fighting agencies.
From Vietnam to NSW: Syndicate Uncovered
The investigation, launched in 2022, tracked a 37-year-old Vietnamese man running a slick money laundering scheme based in New South Wales. The gang reportedly turned huge volumes of cash into cryptocurrency, fueling Australia’s underground drug trade.
Strike Force Spartan sprang into action to tackle branches of this syndicate scattered across NSW, leading to a wave of arrests and seizures.
12 Arrested, 300kg of Drugs and Millions Seized
- 12 people arrested nationwide
- About 300kg of illegal drugs confiscated
- $2.8 million in cash seized
- 15 firearms taken off the streets
On October 19, detectives executed six raids in Umina Beach, Double Bay, Lane Cove, Parramatta, and Bankstown. A 64-year-old woman in Lane Cove was hit with eight charges, including dealing with criminal proceeds and gang involvement.
At Parramatta, a 52-year-old man faces ten charges related to money laundering and organised crime. In Double Bay, two men aged 28 and 31 were nabbed on cash dealings, while a 33-year-old man in Bankstown was caught trying to flee, now facing multiple charges.
Central Coast Sting Nets Two More
Strike Force Glenfern, formed after uncovering a massive drug operation on the Central Coast, arrested two women aged 26 and 27 at Umina Beach. They face a slew of charges from drug supply to breaching bail and dodging digital evidence orders.
Police seized $50,000 cash, money counters, crypto wallets, electronics, drugs, and key documents during the raids. All evidence is now under forensic scrutiny as the probe continues.
Ongoing War on Organised Crime
The NSW Police and their federal partners vow to keep up the pressure on organised crime rings terrorising the community. Operation Phobetor-Enyo and Strike Force Glenfern remain active as authorities hunt down more suspects and dismantle criminal networks.
Stay tuned for more updates as this thrilling investigation unfolds.
