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Police charge six people over alleged $1m baby formula ring in Sydney

2019-01-21 04:12
A fifth person will now be facing court for allegedly stealing baby formula worth A$1 million ($716,318) after a police raid in Sydney, Australia, last year. New South Wales Police confirmed that 4,000 tins of baby formula, large quantities of vitamins, and Manuka honey had been confiscated from two homes in Carlingford back in August 2018. Strike Force Dungv investigators also seized more than A$215,000 ($154,030) in cash from one of the properties, which is claimed to be proceeds from crime. The tins typically sell for about A$30 ($21.50) in Australia but in China they can fetch more than A$80 ($57.30). The Manuka honey costs about 30 percent more in China compared to Australia, ranging between A$120 and A$150 a kilogram, or $39.10 and $48.90 a pound respectively.