ACT Policing has seized more than $100,000 in cash and around 43 kilograms of cannabis after executing search warrants earlier this week.
On Wednesday morning (3 March), detectives from the Criminal Investigations team searched a home in Palmerston and located several vacuum-sealed bags containing more than $100,000 in cash. Police suspect the cash to be the proceeds of crime.
A further search warrant was executed yesterday (4 March) at an unoccupied residence in Yarralumla.
AFP Canine teams assisted investigators in locating approximately 43 kilograms of dried cannabis in vacuum-sealed bags. This volume of cannabis has an estimated street value of $300,000.
While no people have been charged in relation to these warrants, police believe a crime syndicate focused on the supply of cannabis and other drugs into the ACT is responsible. Investigations are continuing.
Anyone with information about this matter or the supply of drugs in the ACT is urged to contact Crime Stoppers on 1800 333 000, or via the Crime Stoppers ACT website. Information can be provided anonymously.