The NSW Crime Commission has now agreed to reopen its investigation into possible confiscation of the Obeid family’s criminal assets.

In a statement, Commissioner Michael Barnes said:

“There is no time limitation on the commencement of [Criminal Asset Recovery Act] proceedings.

“In view of developments since this matter was investigated, it will now be reviewed to ascertain whether the financial affairs of the Obeids has become any more transparent or whether ill-gotten gains can be traced to the hands of relatives or associates.”

NSW Police Minister David Elliott welcomed the decision to review the case, passionate about pursuing the Obeids’ ill-gotten wealth “to the nth degree”.

“I’d be very surprised if I have one person complain to me that their taxpayers’ money is going towards the Crime Commission’s attempt.

“I don’t care if I just walk away with his toothbrush.”

Even if assets cannot be recovered, Mr Elliott said there could still be a “silver lining”.

“I want the Crime Commissioner to come to me and tell me why he couldn’t get the money, and what laws I need to change so that he can get the money.

“There is a lot of unexplained wealth out there at the moment, and it’s criminal.”

Press PLAY below to hear the Police Minister’s response in full