Mohammed Kabbout charged as part of alleged money laundering syndicate investigation
A man arrested by cops investigating a money laundering syndicate allegedly had $50,000 inside a suitcase. Watch the moment detectives detained the man at a Sydney hotel.
Central Sydney
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Mohammed Kabbout is the second man charged as part of investigations into money laundering and other illicit activities by an alleged criminal syndicate operating in Sydney’s CBD.
Organised Crime Squad detectives charged the 35-year-old at the Sofitel Sydney Wentworth hotel on Thursday about 4pm and a search of his belongings led police to allegedly seize $50,000 cash inside luggage.
Mr Kabbout was taken to Day Street police station and charged with knowingly deal with proceeds of crime intent to conceal and use false document to influence exercise of public duty.
He was refused bail and appeared at Parramatta Local Court on Friday when he was granted bail.
The court heard Mr Kabbout had a “diverse criminal history” but was a low risk to the public and he had been under police surveillance since August 24 after police stopped a black Toyota Camry, which he was allegedly driving on Bridge St in Sydney.
Mr Kabbout – who is subject to Firearms Prohibition Order — was spoken to by officers, before a bag containing $50,000 cash was seized from the car during a search. He was released pending further inquiries before his arrest last week.
In November, officers also arrested and charged a 34-year-old Pyrmont man, who remains before the courts.
In July, detectives from the State Crime Command’s Organised Crime Squad established Strike Force City to investigate the activities of an alleged criminal syndicate involved in laundering large amounts of cash through several businesses in the Sydney CBD.
Mr Kabbout’s matter was adjourned to Downing Centre Local Court on February 22.
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