Australia: $5.2m worth of Melbourne real estate frozen in money-laundering probe


November 26 2018

More than $5 million worth of Melbourne real estate has been frozen as part of an investigation into offshore funds allegedly being laundered in Australia by Chinese nationals.

Australian Federal Police restrained residences in Glen Waverley and Southbank, as well as a commercial property in Oakleigh South on Thursday. The combined value of the properties is $5.2 million.