Overview

• The 40-year-old suspect is accused of acting as the recipient of 30 kilograms of cocaine imported by an offshore syndicate with an estimated street value of $9.7 million
• Undercover AFP officers dressed as tradespeople carried out the operation at a Holt Street mansion after a covert 'dead drop' in Alexandria
• Investigators had intercepted the shipment and replaced the cocaine with an inert material concealed in a sports bag
• Authorities seized multiple encrypted mobile devices, the bag of substitute material and an amount of anabolic steroids during raids on two properties
• The accused has been charged with attempting to possess a commercial quantity of unlawfully imported border-controlled drugs and is due to appear in Parramatta Local Court