Man stopped by police after wallet falls from roof pleads not guilty to dealing with the proceeds of crime over alleged $100,000 discovery

Raymond Terrace courthouse.
Raymond Terrace courthouse.

A MAN stopped by police after a wallet fell from the roof of his car has pleaded not guilty to dealing with the proceeds of crime after a search of the vehicle allegedly uncovered $100,000 in cash. 

Matthew James Ivan, 26, of Modanville, north of Lismore, appeared in Raymond Terrace Local Court on Monday, where he pleaded not guilty to dealing with the proceeds of crime greater than $100,000, speeding and driving under the influence of drugs. 

But Mr Ivan, who was represented by solicitor Brett Fatches, pleaded guilty to a number of more minor offences, including two counts of possession of a prohibited drug. 

The matter was adjourned until May 28. Mr Ivan remains on conditional bail. 

Officers attached to the state’s anti-bikie squad Strike Force Raptor were patrolling on the Pacific Highway at Karuah about 6.40pm on March 5 when they allegedly saw a wallet fall from the roof of a Holden Calais.

Police say they stopped to pick up the wallet and an amount of cash that had spilled out onto the roadway.

Police allege they noticed the Calais stop briefly before it continued south on the Pacific Highway.

After collecting the cash, police caught up with the Calais and spoke to the driver, who allegedly appeared to be under the influence of drugs.

Police then searched the car and allegedly discovered $100,000 in cash, methylamphetamine, cannabis and a knife. 

Mr Ivan, who police say was behind the wheel, was arrested and taken to hospital for blood and urine testing. 

He was later charged and granted conditional bail. 

The matter is expected to be set down for hearing during the next court appearance next month.