New Charges in $700M Cocaine Bust Uncovered by Star Sydney Mega-Betting
Australian authorities say they have arrested the money man behind an audacious plot to smuggle three tons of cocaine into the country.
Former Sydney restaurateur Mostafa Baluch, 33, is described
by prosecutors as the “sole financier” of a conspiracy to import one of three
drug shipments with a total street value of almost US$700 million.
Baluch is the fourth suspect arrested in the investigation.
Police uncovered the scheme after an alleged member of the gang, Mende
Rajkoski, was observed gambling around US$77 million in one week on slots at
the Star Casino in Sydney.
Authorities probed Rajkoski’s finances and discovered what
they have described as “a significant transnational organized crime syndicate.”
Shipments Seized
Acting on information from Australian police, the US Navy in
October intercepted two boats off the coast of Colombia carrying 870 kilos of
cocaine. In April, the US Coast Guard seized a further 900 kilos from a boat
off the coast of Ecuador.
New South Wales police organized a sting operation, building
a replica of the haul, which they delivered to a storage facility in Sydney.
They arrested Rajkoski as he attempted to collect what he thought was the drug
shipment, police said.
Two accomplices, Nikolao Misa, 37, and Gjelosh Nikollaj, 58,
were detained shortly afterward.
Successful Eateries
According to The Sydney Morning Herald, Baluch is the son of
Afghan immigrant parents, who launched a successful restaurant business in
Sydney’s northern beaches. Baluch himself owned the Cervo restaurant in the
Northbridge suburb of the city. It closed several years ago.
Police said when they raided his home on June 3, they found
A$62,700 in cash, four mobile phones, a small amount of cocaine and steroids,
and US$12,000.
Baluch has been charged with conspiracy to import a
commercial quantity of a border-controlled drug, drug supply, dealing with the
proceeds of crime, and possessing anabolic steroids, among other offenses.
He appeared at Sydney’s Central Local Court on Wednesday and
was refused bail.
Star Sydney AML Probe
Australia’s financial intelligence unit AUSTRAC recently
announced it had broadened the scope of its casino money-laundering
investigations beyond Crown Resorts to include the Star Sydney.
Crown has been accused of shirking its anti-money laundering
(AML) responsibilities in pursuit of profit, and of doing business with junket
operators with links to organized crime.
The issue of casino money laundering has come into hard
focus lately because of regulatory investigations into Crown’s operations.
which followed several high-profile exposés in Australian media.
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