$128 million 'ice' bust in Sydney

TWO men have been charged and millions of dollars worth of cocaine and "ice" taken off the streets after police and border protection officers joined forces to dismantle an international drug trafficking syndicate operating out of Sydney.

About noon Thursday, 40kg of "ice", with an estimated street value of $128 million, was discovered in a western Sydney home.

Further raids uncovered a further 3kg of "ice", cocaine and about $2.6 million in cash.

A 47-year-old Lidcombe man and 54-year-old Chinese national were arrested.

Both have been charged with drug supply and trafficking offences which carry maximum penalties of life imprisonment.

The raids were carried out by the Joint Organised Crime Group, a multi-agency taskforce made up of state and federal police officers, customs and border protection and the NSW and Australian crime commissions.

Earlier this month, the JOCG launched Operation Fenway following a tip-off to the ACC about the commercial supply of drugs in the western suburbs.

On Friday, NSW Police Assistant Commissioner Mal Lanyon said the operation reinforced the value of criminal intelligence and had prevented a significant amount of illicit drugs from being sold on Australian streets.



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