A disgraced Sydney property developer has been granted bail after police allegedly found a cache of counterfeit badges, replica firearms, valium, and large amounts of steroids and cocaine inside a Double Bay apartment.

Police began investigating Jaime Charles Farrelly on Thursday, after a member of the public handed in an AFP badge and identification that led police to the 50-year-old. Farrelly has since been charged with one count of impersonating a federal public official, possession of prohibited firearms, and supplying a prohibited drug.

Appearing at Parramatta local court via video link from Surry Hills police station, Farrelly, wearing a dark grey V-neck jumper, sat impassively as his charges were read.

He faces the possibility of 14 years’ imprisonment for possessing a prohibited

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