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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