Raids net drugs, cash, weapons
POLICE in NSW believe they have smashed a major crime syndicate in Sydney after a significant amount of ammunition, drugs and cash was found during linked raids on Wednesday afternoon.
Inside one home police allegedly found 2.3kg cocaine with an estimated street value of $450,000, at least 70 steroid vials, ecstasy and more than $39,000 in cash.
Soon after, 450g of cocaine and more than 400g of "ice", each with an estimated street value of $100,000 were allegedly found at another address along with more than 50 live shotgun cartridges and a large number of pills.
A 48-year-old man has since been charged with multiple drug supply offences was refused bail on Thursday.
Wednesday's raids coincided with the release of a report suggesting cocaine use is on the rise in Australia.
According to the 2012 United Nations World Drug Report, Australians and New Zealanders are the biggest recreational drug users in the world.
While ecstasy is losing popularity, the report revealed about 1.9% of Australians regularly use cocaine.