Price of cocaine in Australia could skyrocket as gangsters threaten violence

An Australian crime syndicate has released a fixed price list for cocaine to every major dealer in the country to keep profits high, warning they would hunt down and hurt anyone who undercuts the market. See how much the drug will cost in your state.

The Commission's price list. Pictures: Supplied

The crime syndicate known as “The Commission” has released a fixed price list for cocaine to every major dealer in each Australian state to keep profits high, warning they would hunt down and hurt anyone who undercuts the market.

The threats made by senior members of the Comanchero bikie gang, who are behind The Commission, will inflame tensions on Sydney streets where there has already been three gangland murders this year and the shooting of two bikie associates in a Marrickville barber last week.

“We will not release any work (cocaine) until we hunt, find, hurt and rob those who rather a war then (sic) peace,” was the warning sent to major criminal groups on an encrypted platform and obtained by The Daily Telegraph.

Prices of wholesale cocaine have plummeted, crashing from a high of $400,000 per kg before Covid to as low as $160,000 per kg in recent weeks due to a glut of importations.

The Commission was set up in 2021 by bosses of the Comanchero living overseas to inflate the price of cocaine and methamphetamine to protect their profits.

Prices of wholesale cocaine plummeted from a high of $400,000 per kg before Covid to as low as $160,000 in recent weeks.

“The Commission is holding back there (sic) importations to create a shortage and see the price go back up. Its sound business practise and they are furious there are syndicates not doing what they say, or not paying them a cut,” one underworld source told The Daily Telegraph.

In the message they listed the name of the ‘stamp’ which identifies the importer of the cocaine and means they know what has been sold without their permission.

“POLO CLUB wrapping with LMDC stamp, BOB stamp, CAT stamp, MILK Stamp. You might think we can’t get to you because you are living overseas. However, your ground team who sell your work or who they sell to are fair game and we will hurt them,’’ they said.

A number of underworld sources said they expect there will now be kidnappings and bashings by the Commission.

A few in the underworld said some of the overseas syndicates see the Commission’s demands as arrogant and a bluff.

“It’s ok for them overseas but the guys back here distributing it are the ones being kidnapped. They have teams of young Islanders who are willing to grab and bash people … there have been plenty who have been grabbed because they haven’t paid up,’’ he said.

As well as the threats, the communique from the cartel gave a price list for what they expect to be paid.

“We have set up a price list for all states and those who are selling now can choose to hold work with us OR kick these prices off with there work or be a target and a enemy. You choose?,” it said.

As one source told the Telegraph, they are setting themselves up as a market regulator.

“If you are paying $160,000 or $170,000 for your importation the Commission wants the price to be $235,000 cash for a kilo and you’re expected to pay the gap,” he explained.

Commission member Alen Moradian was shot dead last month.

“There is a lot of cocaine being held by the Commission and others wanting to force the price up … but there are people sick of them trying to dictate to them the price, plus they also tax them just to do business.

“When there is this much money around it leads to greed, conflict and murder.”

One of the Commission members, Alen Moradian, 48, was shot dead in a unit block car park at Bondi Junction on June 27. Police have yet to establish a motive.

On May 22, an associate of Moradian, Marvin Oraiha, 24, was shot dead inside his car at Elizabeth Hills in Sydney’s southwest.

On March 2, Taha Sabbagh, 40, was shot dead in his car outside a gym in Sefton.

Originally published as Price of cocaine in Australia could skyrocket as gangsters threaten violence