One day before sentencing on cannabis supply charges, Richard Wishart saw the High Court confirm an agreed deal forfeiting $210,000 as proceeds of crime: $200,000 paid across from his family trust together with some $10,000 cash seized in a police raid.
Police allege purchase of a residential property on Nagpur Crescent in Wellington suburb Broadmeadows was tainted, funded with the proceeds of crime. Nagpur is held in the name of the Wishart Family Trust. Nearly ten thousand dollars in cash was seized from the property in a 2019 drug bust. The High Court approved a Criminal Proceeds (Recovery) Act settlement between Wishart and police. The cash is forfeit. Nagpur Terrace remains in Trust ownership, provided the Trust pays across $200,000 within ten working days. Failing that, Nagpur is sold.
Commissioner of Police v. Wishart – High Court (25.08.20)
20.145