Greek man in court for alleged $40 million drug syndicate in Sydney, Australia

Greek man in court for alleged $40 million drug syndicate in Sydney, Australia 1

A Greek man accused of engaging in an alleged “sophisticated” syndicate that led to the production of $40 million of drugs at a Bathurst lab will remain in custody after being bail refused.

Costandinos George Peitsos, 33, was one of seven men charged after police busted the alleged ring and seized ice, 430kg of cocaine, firearms and $4.7 million in cash across Pyramul, Prospect, Pemulwuy in August.

The drugs were allegedly extracted after being hidden in painting or grouting items.

Greek man in court for alleged $40 million drug syndicate in Sydney, Australia 2
Greek man in court for alleged $40 million drug syndicate in Sydney, Australia 3

Six other searches were carried out at Pemulwuy, Bonnyrigg Heights, Millers Point, Prospect, Hunters Hill and St Clair.

Two crime scene warrants were also executed at a separate property at Pemulwuy and a laboratory in an isolated rural property at Pyramul – about 70km north of Bathurst, where police allege cocaine was being reconstructed.

At Pemulwuy, two Harley-Davidson motorcycles, which police allege are the proceeds of crime, were seized.

During the Prospect search, officers allegedly seized $130,000 cash, a Range Rover, luxury watches, electronic devices and documentation.

Police also allege they found hundreds of litres of chemicals and 400kg of liquid, believed to be unrefined cocaine from a home at Pemulwuy. They seized 30kg of block cocaine.

Court documents allege that Mr Peitsos supplied 14kg of cocaine and 150 kilograms of methylamphetamine at Prospect between May and August.

MR Peitsos was charged with two counts of supplying a large commercial quantity of a prohibited drug (less than $10,000), dealing with the proceeds of crime, and contributing to a criminal group with Nikola Drenovac, Ante Birkic, Anthony Pesut, Luka Zoric and Robert Bojcevski.

Birkic, from Prospect, appeared before Blacktown Local Court on Thursday.

The 32-year-old’s case was adjourned until later this year, with no plea entered.

At Parramatta Local Court on Thursday, bail was not applied for Mr Peitsos, and it was formally refused.

The matter will return to court on December 9

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