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Monday, March 4, 2024

Woman charged, more property seized as money laundering probe continues

More charges have been laid in the ongoing money laundering probe which sparked a raid on a City Beach home last month, with more luxury goods seized and a third person facing criminal charges.

The operation, spearheaded by the transnational and serious organised crime squad, has allegedly seen the seizure of more than $6 million in cash, assets and hundreds of luxury items, from watches to handbags.

Luxury cars, cash and handbags were seized by WA Police as part of an investigation into an alleged money-laundering scheme.

Luxury cars, cash and handbags were seized by WA Police as part of an investigation into an alleged money-laundering scheme.Credit: WA Police

The items were allegedly discovered during a raid on a $2.5 million City Beach mansion a fortnight ago.

A further $200,000 in cash, hundreds of fraudulent bank cards and land worth $2.4 million was seized following a search on a separate property eight kilometres north-west in Innaloo.

Arnold Teo Wooi Lek, 36, was charged with one count of receiving, possessing, concealing, disposing of or dealing with any money or other property that is the proceeds of an offence.

A 55-year-old Innaloo man was charged with the same offence and one count of possessing stolen or unlawfully obtained property.

Police allege the pair were using more than $1 million in cash and bank cards to engage in money laundering, with the proceeds used to bankroll luxury purchases.

On Tuesday, police executed a search warrant at a Welshpool warehouse, seizing designer furniture, trunks and suitcases estimated to be worth more than $700,000.

Now, regarding $1.2 million seized during the City Beach raid, a 39-year-old woman has been charged with one count of receiving possessing, concealing, disposing of or dealing with any money or other property that is the proceeds of an offence.

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