Following Operation Pinyin, police sought the forfeiture of cash order from the High Court in Gisborne, and a forfeiture order was granted in December 2020.
The Criminal Proceeds (Recovery) Act allows police to restrain and forfeit assets taken from the proceeds of crime to prevent, disrupt and deter further crime.
Detective Inspector Craig Hamilton said removing the profits from crime was an important strategy to make New Zealand safer.
"This is a great result for the Gisborne community as these funds will now be used to fund initiatives to reduce the harm of crime and prevent its occurrence," Hamilton said.
"We need communities to be vigilant and we encourage the reporting of suspicious financial activities, including information about those who are acquiring property or are living a lifestyle that is inconsistent with their means."
- RNZ