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AFP smash crime ring, seizing $150m haul including Sydney mansions and luxury cars

AFP smash crime ring, seizing $150m haul including Sydney mansions and luxury cars

Nine people arrested as police seize record haul and allege gang operated as an ‘underground bank’Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralian federal police officers says they have smashed an organised crime syndicate after seizing a record $150m haul of assets, including mansions, property in western Sydney, cryptocurrency, designer watches and handbags.The assistant commissioner, Kirsty Schofield, said nine people arrested on Wednesday would face court on Thursday, with the alleged leader of the crime group facing up to 25 years in jail if convicted.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

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