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A millionaire businessman as soon as acquitted of homicide has been arrested whereas allegedly trying to flee to Dubai after $7 million in money was discovered hidden in a Sydney home.

Hugo Jacobs fled after the invention of money hid below concrete flooring in Sydney’s southwest. It was a yr after detectives established a strike pressure to research a suspected drug provide ring.

Final Wednesday, detectives carried out raids on two houses together with one at Roselands the place the money was discovered.

Police positioned a “giant amount” of money allegedly hid below concrete flooring in a storage shed.

The money was seized and is present process additional examination as it’s counted; nonetheless, it’s estimated to be in extra of $7 million.

Mr Jacobs, 39, was arrested at Sydney Worldwide Airport simply after 9pm on Thursday trying to board a flight to Dubai.

He was taken to Mascot Police Station the place he was charged with knowingly take care of the proceeds of crime.

Mr Jacobs on Friday didn’t apply for bail when his matter was talked about within the Downing Centre Native Court docket.

He is because of seem once more in Bankstown Native Court docket subsequent week the place he’s set to make a bail software.

Mr Jacobs was in 2008 acquitted of the execution-style homicide of Kings Cross identification Todd O’Connor at Tempe Park.

Mr Jacobs was beforehand referred to as Hachem Ibrahim although he isn’t associated to the well-known Ibrahim household.

Police mentioned investigations below Strike Power Wolara are persevering with.

supply : information.google.com

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