Drug arrest at Phegans Bay

A 73-year-old man has been arrested at Phegans Bay and charged with supplying a commercial quantity of a prohibited drug.

Detectives attached to the Middle Eastern Organised Crime Squad, investigating the manufacture and supply of crystal methamphetamine across the Sydney metropolitan area, stopped a vehicle near Phegans Bay, on the afternoon of August 2.

A search of the vehicle allegedly uncovered approximately 25 litres of "meth oil".

Investigators also executed a search warrant at a Phegans Bay property, and seized another 25 litres of meth oil, as well as two firearms and ammunition.

The driver was arrested and taken to Gosford Police Station, where he was questioned by investigators.

He was subsequently charged with two counts of "supply large commercial quantity of a prohibited drug" and two counts of "possession of unregistered firearm", before being refused bail to appear in Gosford Local Court the following day.

Police claim the 50 litres of oil could have been converted into 50kg of crystal methamphetamine or ice, with an estimated potential street value of at least $12.5 million.

A second search warrant was executed on the man's residence at Mosman, on Sydney's lower north shore.

Police allegedly seized documentation and other items relevant to their inquiries.

Investigations by the squad are continuing and further arrests have not been ruled out.

Anyone with information on the manufacture or supply of prohibited drugs is urged to report it to their local police or Crime Stoppers on 1800 333 000.

Callers to Crime Stoppers can remain anonymous, and information provided will be treated in the strictest confidence.

Information that leads to an arrest could attract a $1000 reward.

Media Release, 3 August 2011 NSW Police Media