Police seize $2m cash, luxury cars, watches allegedly used by organised crime gangs

Police investigating the use of stolen cars in organised crime have discovered $2m in cash, luxury cars, motorbikes and watches in a raid on Thursday morning.

Cash siezed during the western Sydney raid on Thursday. NSW Police

A man will appear in court today after Criminal Groups detectives seized $2 million in cash, luxury vehicles and watches following an investigation into organised car theft in Sydney.

State Crime Command’s Criminal Groups Squad have been conducting an investigation into the ongoing use of stolen cars to commit serious crime by organised crime groups.

Detectives executed a search warrant at a business in Wetherill Park about 6.30am on Thursday.

During the search detectives located and seized over $2 million cash split between several bags, several luxury watches, four luxury cars and two luxury motorbikes.

Police found $2million in cash during a raid at Wetherill Park on Thursday Morning. A man will appear in court on Friday. Picture: NSW Police

Police found luxury wattches in the raid. PIcture NSW Police

A 34-year-old man will appear in court on Friday. Picture: NSW Police.

The business owner, 34-year-old man, was arrested at the scene before being taken to Fairfield Police Station.

He has been charged with knowingly deal with proceeds of crime.

The Wentworthville man was refused bail to appear before Parramatta Local Court on Friday.

Investigations continue.