A high-profile Brisbane restaurateur who had his upmarket Italian restaurant raided says he will "vigorously" fight allegations he was laundering money and trafficking cocaine and ice as part of a major drug ring.
Daniel Milos, his head chef Ryan McIver, and another employee were arrested yesterday during several raids, including one on Milos' Mariosarti restaurant in Toowong.
Police seized drugs valued at about $750,000.
Milos, 40, and McIver, 29, were released from the watch house in Brisbane on Saturday morning, and will have to abide by strict bail conditions.
During his quick dash to the car, Milos said he would "vigorously" fight the allegations.
When asked whether the restaurant would be open for business tonight, he replied: "Yeah, business as usual."
Milos faces charges of drug trafficking, supply, money laundering and possession, while McIver is on trafficking and supply charges.
Three others were also charged in the drug operation.
Magistrate Judith Daley granted both men bail on the condition they surrendered their passports and reported to police three times a week.
McIver was allowed to continue working at the restaurant, but Magistrate Daley said any communication between the pair had to be for work purposes only.
Outside court, Milos' lawyer Adam Dwyer said his client would be fighting the charges.
"I just hope you appreciate this has been a very stressful experience for everyone concerned - for my client, for the family," he said.
"We're only at the beginning."
Others arrested after the 14-month investigation included Brad Matthew Watt, 42, Rebecca Jane Graham, 38 and a 35-year-old man who was given a drug diversion notice.
Graham describes herself as the restaurant's payroll manager on her LinkedIn profile.
Investigators commenced proceedings to confiscate cars, property and assets under Queensland's proceeds of crime laws.