Third man arrested after raids
POLICE have seized $3.6 million in cash and charged a third man over an alleged moneylaundering racket that has already nabbed controversial Sydney businessman Savas Guven.
Detectives from Strike Force Millstream seized the huge sum of cash and a pistol with a silencer after raids on homes in Erskine Park and St Clair on Wednesday.
Following inquiries, officers then arrested Erskine Park man Deniz Kanmaz, 31, who has been charged with a string of offences.
He was refused bail and scheduled to front court late yesterday.
Earlier this week, police carried out a planned operation as part of their organised crime squad investigation into the alleged money laundering racket.
The alleged racket was uncovered in 2014 when a police strike force began investigating the large-scale supply of prohibited drugs in NSW.
Guven, 38, was pulled over in his car at Mosman at 6.30am and arrested. He was later charged with 20 counts of knowingly dealing with the proceeds of crime with intent to conceal and participating in a criminal group contributing to criminal activity.
Police will allege he was involved in the laundering of $3.5 million.
A pistol that was seized.