An Adelaide man has failed in a court bid to retrieve his Lamborghini Gallardo after Australian Federal Police seized the car under proceeds of crime laws.

The AFP-led Criminal Assets Confiscation Taskforce had seized the Amir Sabit Ruzehaji’s luxury car last year following a drug investigation in late 2012.

Assets worth approximately $1.7 million were seized including the Lamborghini, four houses, another eight motor vehicles and three bank accounts.

It followed a protracted operation conducted jointly by the Australian Federal Police (AFP) and South Australia Police, where drugs with a street value of up to $3 million were seized here and in Victoria.

The Greenacres man was charged with trafficking and possession offences.

His trial date has yet to be set, however, his application for the return of the seized assets was refused last week by District Court Chief Judge Muecke.

“Mr Ruzehaji had made application to have the confiscation orders lifted, but the judge rejected the application,” an AFP spokesman told InDaily.

“The Lamborghini and other material remains in our possession.

“We expect the  drugs matter to go to trial later this year.”