Fadi Ibrahim pleads guilty to possession of alleged proceeds of crime days before trial

Fadi Ibrahim pleads guilty just days before being tried for his involvement in an international tobacco smuggling syndicate

  • Fadi Ibrahim pleaded guilty to alleged possession of proceeds of crime
  • He was due to stand trial next week but will now go to a sentencing hearing
  • Ibrahim was arrested in Dubai in 2017 as part of Operation Veyda

Identity of Sydney Fadi Ibrahim pleaded guilty on the eve of his trial for his involvement in an international tobacco smuggling syndicate.

Ibrahim was arrested in Dubai in 2017 in a series of coordinated arrests in Sydney, Dubai and the Netherlands at two interconnected crime syndicates.

Although he was never charged with importing drugs or tobacco, Ibrahim allegedly handed over $800,000 to another brother to fund a tobacco import deal.

He supposedly expected to double his money.

Fadi Ibrahim pleaded guilty on the eve of his trial for his involvement in an international tobacco smuggling syndicate

Ibrahim also pleaded guilty to handling property worth more than $100,000 believed to be proceeds of crime and he will face a sentencing hearing on February 23.

Ibrahim also pleaded guilty to handling property worth more than $100,000 believed to be proceeds of crime and he will face a sentencing hearing on February 23.

The other brother – Moustafa ‘Michael’ Ibrahim – was imprisoned for 25 years for his role in tobacco smuggling and his plot to import almost two tonnes of illegal drugs.

Fadi Ibrahim, now 48, was due to stand trial next week. However, on Wednesday he pleaded guilty to handling property worth more than $100,000 that was reasonably suspected to be the proceeds of crime.

He faces a prison sentence, a fine or both.

The exact value of the property is to be determined.

Although he was never charged with importing drugs or tobacco, Ibrahim allegedly handed over $800,000 to another brother to fund a tobacco import deal.

Although he was never charged with importing drugs or tobacco, Ibrahim allegedly handed over $800,000 to another brother to fund a tobacco import deal.

Earlier charges of trafficking over $1 million in proceeds of crime and intent to use over $100,000 as an instrumentality of crime were dismissed.

In 2017 a magistrate was told that Ibrahim claimed he had simply given his brother Mustafa a loan, but police said he was an “active investor”.

Ibrahim spent seven weeks in police custody in Dubai and Sydney before posting $2.2 million bail. He also spent three months under house arrest and more time under night curfew conditions.

He will face a sentencing hearing on February 23.

He is the last of 19 Australians arrested in Operation Veyda to still be in court.

Federal police said the operation prevented more than 1.9 tonnes of narcotics from reaching Australian streets.

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