$700K OF LUXURY CARS SEIZED IN POLICE RAIDS

THREE luxury vehicles worth hundreds of thousands of dollars have been seized by detectives who allege the cars are proceeds of crime.

A 2020 Audi RS6 valued at $260,000 and a 2019 BMW X7 valued at $160,000 were seized during a raid at a Bundall property on Thursday. At a separate business at Burleigh Heads, police seized a 2020 Audi RSQ8 valued at $290,000.

Police will allege the three vehicles are the proceeds of crime.

The searches were conducted by investigators from the Gold Coast Major and Organised Crime Squad (MOCS), who subsequently arrested and charged a 33-year-old Bundall man with money laundering, unlawful possession of firearms, possess dangerous drugs and contravene order for access information.

Detectives continued their investigation after a search warrant was executed at Bundall on September 30 last year.

It will be alleged the man was found with $290,000, which led officers to conduct further searches.

It will further be alleged $1.6m in cash and two firearms were found in a vehicle parked on the street outside his address.

South East Region MOCS Detective Inspector Craig McGrath

said the charges reflected officers’ ongoing commitment to disrupting criminal activity in the area.

“We will continue to investigate and prosecute individuals and groups involved in serious organised crime,” he said.

“We have a strong investigative focus to work with our partner agencies and to identify and seize the proceeds of crime, including cash and other assets.”

Further arrests are expected and anyone with information is asked to contact Crime Stoppers on 1800 333 000.

The man is expected to appear in Southport Magistrates Court on February 17.