TWO men have been charged following an investigation into an alleged extortion syndicate in Sydney’s south west.
Strike Force Amarina, established in July 2015 to investigate criminal activity in Sydney’s south west, yesterday pounced on two men alleged to have taken over debts from associates and intimidate victims into high-interest repayment plans.
A 21-year-old man was arrested by the Tactical Operations Unit on King Street at Newtown at around 2.50pm.
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Ten minutes later, detectives intercepted a vehicle on the Hume Highway at Yagoona where a 26-year-old man was arrested and $15,000 cash allegedly found stashed in his car.
The 26-year-old Bankstown man was taken to Bankstown Police Station and charged with multiple counts of demand money with menaces; blackmail; dealing with proceeds of crime; and receiving stolen property.
The younger man arrested was charged with multiple counts of demand money with menaces and blackmail, and one count of dealing with the proceeds of crime, using a carriage service to threaten another person, and supplying cocaine.
Following the arrests, Strike Force detectives raided five properties at Bankstown, Punchbowl and Greenacre where it’s alleged they seized around $55,000 in cash, $50,000 in drugs including cannabis, ICE, cocaine and prescription medication.
Three luxury cars and a Harley V-Rod motorcycle worth an estimated $315,000 were also seized, along with fourteen boxed of 9mm of ammunition, a large number of mobile phones, and a variety of documentation.
Inquiries are continuing and police urge any persons who have been the victim of extortion to come forward and report it to police.
Both men arrested were refused bail to appear at Parramatta Bail Court today.