LATEST: A man will front court on Saturday accused of trying to murder a notorious Brisbane underworld figure as he slept in bed.
Police will allege the man poured an accelerant on 65-year-old Victor William Graveson as he slept in his Capalaba home on Friday morning.
He then allegedly set him on fire.
Graveson then ran from home in search for help as nearby neighbours extinguished the flames on his body.
He was rushed to the Royal Brisbane and Women's Hospital in a critical condition.
Police have since charged a 34-year-old man with one count of attempted murder. He is expected to appear in the Brisbane Magistrates Court tomorrow morning.
It is understood the alleged attacker burned his hands during the incident.
EARLIER: A notorious Brisbane underworld figure known for his links to crooked cops and bikie gangs was today set alight while he slept in bed.
Sixty-five-year-old Victor William Graveson - who once grew a marijuana crop rumoured to be worth $20,000,000 and allegedly helped cover up a murder - was doused in fuel and torched at his Capalaba home about 9am by a family member.
Still alight, Graveson ran outside screaming in agony before a neighbour extinguished the fire.
Graveson suffered critical head-to-toe burns and was placed in an induced coma at the Royal Brisbane and Women's Hospital.
A 34-year-old man is tonight assisting detectives with their investigation.
A sedan with fuel containers in the boot and Graveson's granny flat were taped off by officers as forensic crews scoured the scene.
A neighbour said the drug baron had lived on the 10-acre property for the last 35 years.
He said police frequented the place.
Court documents show Graveson was linked to a murder cover-up on a Gin Gin drug farm, near Bundaberg, in 1993.
The same farm was months later raided by police and Graveson was one of five arrested after 200 kilograms of cannabis leaves, 7000 plants and a crop estimated to be worth a staggering $20,000,000 were uncovered.
The Supreme Court of Queensland heard in 1995 that 'Vic' was a criminal "mastermind" with links to a prostitution business and outlaw criminal motorcycle gangs from around Australia, who he supplied his product to.
Photos exist of Graveson partying with crooked detectives and strippers at his seafood business east of Brisbane in the late 1980s and early 1990s.
One of the officers pictured held inspector rank and once worked for Queensland's corruption watchdog.
In 2008, Graveson was jailed again for meth possession - a drug he had long had an addiction to.
EARLIER: A MAN was allegedly set on fire by his cousin while he slept on Friday morning.
The 65-year-old victim, from Capalaba in Brisbane's southeast, is in Royal Brisbane and Women's Hospital with critical burns after his 34-year-old attacker poured an accelerant on him about 9am.
The victim has been placed in an induced coma.
A sedan with fuel containers in the boot was taped off by police at the scene this afternoon.
The victim ran from the residence and the flames were extinguished by members of the public.
A neighbour said the extended family had lived on the Teesdale Road acerage for 35 years.
He said police were called to the property two months ago and police seized several items.
A crime scene has been declared at the Teesdale Road residence.
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