Cocaine Bust in Sydney, $2.5 Million Cash Seized

A man has been charged after police seized more than $2.5 million cash and 2.5 kilograms of cocaine in Sydneys CBD.

Police say they raided a Haymarket unit just after midnight, seizing 30g of cocaine, $10,000 cash, casino chips valued at $1750, more than $100,000 worth of watches, a money counter and documentation.

A search of a nearby Volkswagen SUV uncovered suitcases, boxes and bags containing more than $2.5 million cash and more than 2.5kg of cocaine.

A 28-year-old man was arrested at the unit and charged with knowingly dealing with the proceeds of crime and supplying a commercial quantity of a prohibited drug.

He was refused bail to appear in Central Local Court on Oct 1.

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