Update

A Queensland drug squad officer has allegedly been caught on CCTV cameras pocketing wads of cash during a Logan drug raid and the state's incoming top cop is proud of the officer who reported the incident.

It is alleged the senior officer was caught on CCTV cameras, hidden inside the raided house south of Brisbane, pocketing about $1500 in cash before calling a colleague into the room and formally counting the remaining money.

It is understood the drug raid occurred at the end of May before the officer in question was transferred to the drug squad in Cairns, far north Queensland.

Ian Stewart, who was only named commissioner-elect yesterday afternoon, would not comment on the case specifically but described the allegations as serious.