POLICE have put a major dent in a Sydney-based drug supply syndicate – arresting a 73-year-old man and seizing enough chemicals to manufacture ice worth more than $12.5 million.
Detectives attached to the Middle Eastern Organised Crime Squad stopped a vehicle near Phegans Bay, on the state’s Central Coast, yesterday afternoon and allegedly uncovered approximately 25 litres of meth oil.
The driver, a 73-year-old man, was arrested and taken to Gosford Police Station, where he was questioned by investigators and charged with supply large commercial quantity of a prohibited drug (two counts) and possess unregistered firearm (two counts) before being refused bail to appear in Gosford Local Court today.
Investigators also searched a property at Phegans Bay and seized another 25 litres of meth oil, as well as two firearms and ammunition.
The 50 litres of oil could have been converted into 50kg of crystal methamphetamine or ice with an estimated potential street value of at least $12.5 million.
A second search warrant was executed on the man’s residence at Mosman, on Sydney’s lower north shore and allegedly seized documentation and other items relevant to their inquiries.
A man charged after police seized more than $12 million worth of drugs is the father of alleged Ibrahim family rival John Macris.
Stelios Macris, 73, was arrested after officers from the Middle Eastern organised crime squad stopped his car on the F3 freeway on the New South Wales central coast yesterday.
A search of the car allegedly uncovered 25 litres of meth oil, a liquid form of the drug ice.
Police say they found another 25 litres of the liquid, plus two guns and ammunition, at a safehouse at nearby Phegans Bay.
His son, John Macris, is the man allegegly targetted in a murder plot by brothers Michael and Fadi Ibrahim.
The police squad’s commander, Deb Wallace, says 50 litres of meth oil could be converted in 50 kilograms of ice.
“We would allege that when you take 50 kilograms of ice, technically, off the street it has a huge dent in any criminal organisation. And we would suggets that no-one operates alone in these matters,” she said.
“There’s an estimated wholesale value of 13 million dollars as a result of this seizure. Now that would have a huge impact on any criminal network that might be operating in this line of work.”
Stelios Macris, from Mosman on Sydney’s north shore, has been charged with large-scale drug supply and gun possession.
Police say the bust has intensified their scrutiny of the Macris family and their associates.
They say more arrests are likely.
Stelios Macris faced Gosford Local Court on Wednesday charged with two counts of drug possession and two counts of possessing an unregistered firearm.
Bail was not applied for and the matter was adjourned until Thursday, the court confirmed.