Indian National Arrested by AFP was Part of Multi-Million Dollar International Narcotics Trafficking Syndicate
Melbourne, Victoria, Australia (News4us.com) March 24, 2011
A 38-year-old Indian national has been arrested by the Australian Federal Police (AFP) for dealing more than $10 million in the proceeds of crime.
The man will appear in Melbourne Magistrates Court today following his extradition from Singapore where he was arrested after disembarking a flight from India.
It will be alleged that the man operated in conjunction with an international narcotics trafficking syndicate, which resulted in the world’s single largest seizure of 4.4 tonnes of ecstasy in Melbourne in 2008, with an approximate street value of $440 million.
The man is charged with one count of dealing in proceeds of crime in excess of $1 million contrary to section 400.3 of the Criminal Code Act 1995, after allegedly working as part of a money laundering operation, worth more than $10 million used to pay for the illegal drugs.
The AFP will allege the man was provided with the proceeds of narcotics sales for the purpose of being laundered and made available to the drug trafficking syndicate overseas.
The syndicate operated across Australia and spanned three continents.
This is the 32nd person charged in relation to this investigation.
The maximum penalty for this offence is a $165,000 fine and/or 25 years imprisonment.
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