Police confirmed raids were underway at businesses in the CBD, Woollahra and Leichhardt on Thursday morning. The raids were being conducted in relation to Strike Force Rhodium, a NSW police spokeswoman said.
No arrests are expected and no further comment will be made, police said.
Officers from the NSW Fraud and Cybercrime Squad arrived at the properties with search warrants just after 9.30am.
It’s believed the raids were carried out to seize contracts for NRL players, past and present, according to the Seven Network.