Police have seized three luxury vehicles worth more than $700,000, and charged a man with money laundering, following a raid on a Gold Coast home.
Detectives executed the search warrant at a Bundall property on Thursday morning, as part of an ongoing investigation.
During the raid, investigators from the Gold Coast Major and Organised Crime Squad seized a 2020 RS6 valued at $260,000 and a 2019 BMW X7 worth $160,000.
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A 2020 Audi RSQ8 valued at $290,000 was also seized from a business in Burleigh Heads, with police alleging all three vehicles are the proceeds of crime.
A 33-year-old man was arrested at the Bundall home and has since been charged with money laundering, unlawful possession of firearms, possess dangerous drugs and contravene order for access information.
It comes after he was allegedly busted with $290,000 in cash last year, along with another $1.6 million and two firearms, which were allegedly found inside a car parked outside the man’s home.
“We will continue to investigate and prosecute individuals and groups involved in serious organised crime,” South East Region MOCS Detective Inspector Craig McGrath 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 assets.”
Detective Inspector McGrath said further arrests are expected.
The man is due to appear in the Southport Magistrates Court on February 17.