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NSW cops seize $2m cash in cardboard boxes

Police have seized $2m in cash in drugs-related raids in Sydney. (AAP)

More than $2 million in cash has been found stashed in cardboard boxes, as well as 2000 litres of a chemical used to manufacture drugs, during police raids on two Sydney units.

Drug and Firearms Squad detectives arrested two men in dawn raids on Wednesday at two units in Sydney's southwest.

In August, detectives from the State Crime Command's Drug and Firearms Squad established Strike Force Aphrasia to investigate the manufacture and supply of prohibited drugs in Sydney's southwest.

Police say they found more than $2 million cash in cardboard boxes as well as steroids when they raided a home in Bankstown at 6am.

A short time later they searched a Yagoona apartment and found a clandestine laboratory with equipment that is used to manufacture prohibited drugs, as well as 2000 litres of gamma-Butyrolactone (GBL).

Two men - aged 43 and 44 - were arrested at the Bankstown address and have been taken to Bankstown Police Station, where they are expected to be charged.

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