Australia: Police Seize Multiple Cars, Luxury Handbags And Watches, $80,000 Worth Of Gold, And Cash In Unexplained Wealth Investigation

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Police have executed search warrants in a number of Sydney suburbs as they take advantage of strengthened laws to crack down on unexplained wealth.

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.

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

After weeks of investigation, police executed search warrants at properties across Sydney, including Padstown, Bankstown, Yagoona and Drummoyne on Thursday.

Raptor Squad officers attended a Padstown home where they found 14 luxury handbags from brands such as Hermes, Chanel and Louis Vuitton.

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Five “man bags” were also taken, as well as luxury watches designed by Rolex and Breitling, Cartier jewellery and $10,000 in cash.

In Bankstown, police seized a number of vehicles including a 2018 McLaren MA3 Coupe, 2021 BMW S1000R, a 1971 Mazda RX2 and 1983 Holden Gemini.

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