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VIC:'Load of crap': underworld figure jokes after arrest

Colourful identity Mick Gatto has dismissed allegations he was involved in financial crimes as a "load of crap", just hours after returning to his beachside mansion following his arrest.

Detectives raided a Mount Martha property, about 50km southeast of Melbourne, on Wednesday morning, arresting a 70-year-old man and a 72-year-old woman.

Donning a beanie and hoodie, Mr Gatto arrived home escorted by an unmarked police car, opening the gate for officers in the late afternoon.

He appeared unfazed by the arrest, emerging from his mansion with his dog and a duffle bag before getting into his car.

He briefly spoke with reporters in the driveway of his home before leaving the scene alone.

"When they use 20 or 30 police over a speeding fine, this country is in trouble. It's a load of crap. All a load of crap," he told reporters.

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