Police suspect a crime syndicate is responsible after an estimated $300,000 worth of cannabis and more than $100,000 cash was seized following two raids of Canberra homes.
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Police found several vacuum-sealed bags filled with cash they suspected were the proceeds of crime in a raid on Wednesday morning.
A second warrant was executed at an unoccupied residence in Yarralumla where sniffer dogs assisted officers to find more than 43 kilograms of dried cannabis in vacuum-sealed bags, estimated to be worth $300,000.
No charges have been laid in relation to the findings but police believed a crime syndicate focused on the supply of cannabis and other drugs into the ACT was responsible.
Investigations were ongoing.
Anyone with information about this matter or the supply of drugs in the ACT was urged to contact Crime Stoppers on 1800 333 000, or via the Crime Stoppers ACT website. Information can be provided anonymously.
