Nearly $5 million worth of drugs, loaded handguns and hundreds of thousands of dollars in cash have been seized at homes in Sydney's inner west during a police investigation into Assyrian organised crime networks in the area.
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A 30-year-old man will face court on Friday charged over the drugs and weapons cache at the homes on Mullens Street and Pine Street in Rozelle this week.
Police established Operation Condor to investigate the ongoing supply of drugs and firearms by Assyrian organised crime networks in Sydney's inner west, and on Wednesday executed a search warrant at a home on Mullens Street.
Inside the home, officers allegedly discovered 2.7 kilograms of cocaine, about 15,500 ecstasy tablets, four handguns and ammunition. Two of the handguns were loaded, police say.
At 10.45am on Thursday, police arrested a 30-year-old man on Mullens Street and took him to Surry Hills Police Station for questioning.
At the same time, police also raided another home, on Pine Street in Rozelle, where they allegedly seized $300,000 in cash, 12.3 kilograms of cocaine, 13.4 kilograms of methylamphetamine, almost 3.5 kilograms of an unknown powder, jewellery, two handguns, as well as a motorcycle and a Toyota HiAce van.
The estimated street value of the cocaine seized is about $4.5 million and of the methylamphetamine $310,000, police say.
Police also searched a home on Glenhaven Road in Glenhaven, but did not seize any items there.
The man has been charged with 15 offences including supplying a large commercial quantity of a prohibited drug, supplying a commercial quantity of a prohibited drug, possessing an unregistered firearm, possessing an unauthorised pistol and not keeping firearms safely.
He was refused police bail, and is due to appear in Central Local Court on Friday.
