Racing figure Damion Flower pleads guilty

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High-profile racehorse owner Damion Flower has pleaded guilty in court following his arrest for importing significant amounts of cocaine into Australia.

The 48-year-old finally appeared before Sydney's Downing Centre District Court on Monday after days of legal dispute about the facts in his matter.

Flower was arrested in May 2019 accused of importing 38 kilograms of cocaine into the country through a network of baggage handlers.

He had been scheduled to face trial in February after denying all charges.

But on Monday he pleaded guilty to importing a commercial quantity of a border controlled drug between June 2016 and May 2019, and dealing with money believed to be the proceeds of crime greater than $100,000 found at his Moorebank home.

The former airport baggage handler rose to prominence in racing with Group One-winning horse Snitzel, which went on to become Australia's champion stallion commanding $40 million a year in service fees.

Until his arrest, he also owned a slot in Australia's richest horse race, The Everest.

He is due to be sentenced along with former baggage handler To'or'o (John) Mafiti over two days in September.