$10 million list of assets restrained after methamphetamine bust

A $10 million list of assets has been restrained after an attempted importation of more than half a tonne of methamphetamine.

Police said the list included $1.4 million dollars of luxury vehicles, as well as three residential and a commercial property across Waikato and Auckland.

Around $1.1 million dollars in jewellery was also restrained, on top of funds in bank accounts and cash.

In October 2024 authorities seized around 515 kilograms of methamphetamine concealed inside 42 steel beams allegedly imported from the United States.

A parallel investigation then took place in the Northern Asset Recovery Unit restraining assets for those allegedly connected to the operation under the Criminal Proceeds (Recovery) Act.

Officer in charge, Acting Detective Senior Sergeant Richard Trushell said the investigation included "extensive financial analysis of banking transactions, company records, property holdings, and other financial interests of those allegedly involved".

Trushell said asset recovery was an important part in disrupting these criminal enterprises.

"This investigation demonstrates our ability to respond to organised crime extends well beyond just arrests and prosecutions. By targeting the profits and assets derived from criminal offending, we remove the financial incentive that drives organised criminal groups," he said.

"Investigations like these are highly complex and involve analysing a significant volume of financial material, so it is pleasing to get to this point."

Police said they cannot provide any further information as the criminal proceedings against the people charged are before the courts.

Acting Detective Senior Sergeant Trushell welcomed information about those involved in money laundering or benefiting from the proceeds of crime.