Sunday, October 14, 2012

Australian Federal Police scores big on stolen loot raids

LUXURY cars, sprawling mansions, yachts and high-speed motorcycles were just a few of the items the Australian Federal Police seized from criminals in the past 12 months. 

Last year's $97 million haul of criminals' high-end assets was a record for the AFP and more than double the $41 million seized during the previous year. 

The pricey selection of assets included an Aston Martin, BMW, multiple Rolls Royce's, a Lamborghini, Gold Coast and Sydney prime real estate and even a Beechcraft A36.

Minister for Home Affairs and Minister for Justice Jason Clare said taking away money from organised criminals reduced the incentive to commit offences. 

"Big time criminals are more afraid of losing their money than they are of going to jail," he said.

"In the same way the Untouchables followed the money to catch Al Capone, the money trail leads Australian Federal Police to modern day crooks." 

Criminal Assets Confiscation Taskforce is led by the AFP but also includes the Australian Taxation Office and the Australian Crime Commission. 

Criminal assets seized

  • Real estate in Sydney and on the Gold Coast
  • Multiple Rolls Royce's
  • A Lamborghini
  • An Aston Martin
  • A BMW Multiple motorcycles Numerous yachts
  • A Beechcraft A36
  • Jewellery Cash and
  • Other financial products
http://www.whitsundaytimes.com.au

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