Investigators, with the assistance of uniform members, the dog squad and Australian Federal Police executed the warrants at two units at an address on Waratah St, Cobram, about 6.20am.
Police arrested two men and seized cocaine, cash, jewellery and mobile phones from the first unit.
A Cobram man, 28, who is allegedly a patched member of the Mongols OMCG, was charged with trafficking a drug of dependence, possessing a drug of dependence, possessing the proceeds of crime and bail offences.
He appeared briefly in Shepparton Magistrates’ Court on Monday, where he was remanded in custody to appear again on January 21.
A Cobram man, 20, was charged with possessing a drug of dependence and bailed to appear at Cobram Magistrates’ Court on May 18, 2022.
Police also arrested a man and seized cannabis, weapons including a sword, baton and knuckle dusters, credit cards and mobile phones.
The Cobram man, 27, was charged with possessing cannabis, possessing proceeds of crime and weapons offences.
He was bailed and will appear at Cobram Magistrates’ Court on May 18, 2022.
The investigation remains ongoing and anyone with information about criminal activity is asked to contact Crime Stoppers on 1800 333 000 or via www.crimestoppersvic.com.au