$2 million worth of ice seized in Sydney raid
NEW South Wales Police have seized more than $2 million of the drug ice and a large amount of cash following a raid on an inner Sydney home.
A man, 59, was arrested and charged with supplying a commercial quantity of prohibited drugs and dealing in the proceeds of crime as a result of the raid.
Officers from the Redfern Region Enforcement Squad raided the home in Phillip St, Glebe following a lengthy investigation.
NSW Police said in a statement they found a large amount of drugs, believed to be methylamphetamines, $25,000 cash and other drug-related items inside the home.
"The drugs, with an estimated street value of over $2 million, cash, and other items were seized and will undergo forensic examinations."
The man was refused bail and will appear in court at a future date.