A Canberra man arrested in spectacular circumstances last month, after police seized more than $10 million in assets and cash, has appeared for the first time in the ACT Magistrates Court.
Key points:
- Mr Talwar was arrested as a part of a joint AFP-FBI investigation
- Police seized eight ACT properties, four luxury cars and more than $1 million in cash
- Police allege Mr Talwar laundered money and cryptocurrency from the sale of personal identification information, illegal goods and scams
Karan Talwar, 35, is facing three charges of dealing with property reasonably suspected of being the proceeds of crime.
Police allege Mr Talwar laundered money and cryptocurrency through complex transactions from the sale of personal identification information, illegal goods and scams.
It is alleged he has accumulated a significant number of assets with the money he has made.
Police have seized eight Canberra houses, four cars, luxury goods including handbags and more than $1 million in cash.
Police also targeted 28 bank accounts and about $600,000 in cryptocurrency.
At the time of the arrest, police searched two homes and a storage unit seizing documents and devices as well as cash.
Mr Tulwar was identified as part of an international investigation into money laundering involving the FBI.
He did not enter a plea and will return to court next month.
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