"Mr He is currently at large," she said.
Detective Sergeant John Sowter, of the Organised and Financial Crime Agency of New Zealand, said $113,600 was found in He's bedroom closet.
Three small re-sealable bags containing powder was also discovered and had been sent to ESR for analysis, Mr Sowter said.
The police executed a search warrant on the address as part of Operation Gull which was targeting his alleged flatmate Ka Ho Kao.
The 20-year-old Kao has been charged with supplying more than 500g of methamphetamine to gang members in Auckland, Tauranga and Hamilton over a three-month period.
Ming Ren He was 21 when he was jailed in 2009 for smuggling methamphetamine and its main ingredient pseudoephedrine into the country.
He imported 660g of P on one occasion and at least 28kg of pseudoephedrine, in the form of Contac NT cold and flu medicine which is easily obtainable in China.
That amount of pseudoephedrine could be manufactured into between 5.5kg and 8.5kg of methamphetamine.
He would arrange for other individuals to provide an address where packages could be sent, then visit the "catchers" to uplift the parcels and sell the drugs to others.
The student was arrested in February 2009, released on bail, then arrested again a few months later before pleading guilty to the importing charges.
Offending while on bail was an aggravating feature said Justice Peter Woodhouse in sentencing He in December 2009. But he took into account the early guilty plea and other personal circumstances, including his age and remorse, to give a 50 per cent discount on the final sentence.
"You may not recognise this right at this moment, but you really are being given a chance," said Justice Woodhouse when sentencing He to seven years in prison. "I hope you take it."
He was released on parole at his first hearing in December 2011.
On the run
Have you seen Ming Ren He? Call your local police station.
