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ARTICLE · 22 OCTOBER 2023

Unexplained wealth orders in New South Wales

Unexplained wealth laws enable the government to seize assets of individuals who are unable to account for their wealth.

AustraliaCriminal Law

A joint investigation into unexplained wealth by the State Crime Command's Organised Crime Squad and the NSW Crime Commission has led to more than $7 million worth of property, luxury cars, gold bullions and high-end handbags being seized.

Detectives with assistance from Raptor Squad executed search warrants at properties in Padstow, Yagoona, Bankstown, Picnic Point, Peakhurst, and Drummoyne, on 15 September 2023.

During the searches, police located and seized 14 luxury handbags including Hermes, Chanel, and Louis Vuitton, five luxury 'man bags', cartier jewellery, $10,000 cash, and four luxury watches by Rolex, Breitling, and Cartier, at the Padstow residence.

Officers also located a case of gold bullion estimated to be worth $80,000 in Yagoona, a 2021 Lamborghini Aventador in Drummoyne, and a 2021 BMW S1000R motorcycle, a 1971 Mazda RX2, a 1983 Holden Gemini, a 2018 McLaren MA3 Coup and over $20,000 in cash in Bankstown.

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