About 4.00pm Thursday 9 February, police executed a search warrant at a residence in Holt, and arrested a 24-year-old man following a traffic stop on the Federal Highway. 

During the execution of the search warrant, police seized cash and vehicle parts.  

These seizures are in addition to 90.85 grams of cocaine, 120 boxes (2,400 caplets) of Panadol Extra, a Ferrari 360 sportscar, and a Holden Commodore Brock Edition Replica that were previously seized in 2022.  

Today’s arrest and seizure is the culmination of a police investigation that commenced in November 2021, and utilised police resources from Criminal Investigations, canine and other specialist resources. 

The investigation is ongoing, and police anticipate speaking with a large number of witnesses who either purchased a vehicle from, or sold a vehicle to, the man.   

The 24-year-old man has been charged with trafficking in a controlled drug other than cannabis, money laundering and five counts of possessing property suspected of being the proceeds of crime.  

Anyone with information about the sale and distribution of drugs in the ACT is urged to contact Crime Stoppers on 1800 333 000, or on the Crime Stoppers ACT website. Please quote reference 6958396. Information can be provided anonymously.