Australia Real Estate: Queensland’s Big Time Drug Offenders Use Real Estate to Launder ‘Dirty’ Money

According to a report from the Brisbane Times, the Australian Crime and Corruption Commission found that 46 percent of the net asset of drug offenders were laundered in the real estate industry, followed by cash, vehicles and vessels, money in bank accounts, and other assets.

A study conducted to 233 offenders whose assets were seized by the Crime and Corruption Commission under proceeds of crime laws between 2009 and 2014 found that the richest drug offender are the ones who use cocaine for business while methamphetamine offenders have the least amount of property.

Drug Offenders are people who are producing, trafficking, supplying, and found possessing illegal drugs.

The study also reveals that an average drug offender was 39 years old, had an 88 per cent chance of being male and an 85 per chance of being an Australian citizen.

16 percent of the 233 drug offenders were members of a motorbike gang and are typically less rich than those who prefer not to relate themselves to any known motorbike gang.

Even the drug offenders who joined a motorbike gang seems poorer than those who don't, Crime and Corruption Commission believes that drug offenders that are members are reinvesting their money to their clubhouse.

"Once the clubhouse was established, the OMCG was able to generate income by having "party nights" there, during which the trafficker spent large amounts of money," the CCC wrote about the experience of one drug trafficker on how he spent his 'dirty' money in their clubhouse.

One of the biggest drug-related bust done by the CCC happened in 2009 and 2010 as part of the Operation Warrior that primarily targeted a Gold Coast Distribution Network.

Daniel Kalaja, the one pulling the strings in the drug operations targeted by CCC were apprehended in 2012 along with 70 others and was given with 14 years of jail sentence.

In the 2014-2015 annual report of CCC, the commission seized a total of $18.3 million of assets from all Queensland criminals it targeted as well as $4.5 million of drugs.

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