Police Minister to pursue ‘unexplained wealth’ with legislative shakedown
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