Police have released photographs showing 1,543 pounds of cocaine hidden on a cargo ship docked at Sydney's Port Botany.
On July 22, Australian Border Patrol officers found an estimated $193 million worth of cocaine. The cocaine was hidden in a denim bag inside a shipping container marked as storing wood products.
Police confiscated his 28 bags. Each bag contained about 55 pounds of cocaine packed into compact bricks.
A forensic examination of Cocaine's bricks revealed that he had an emblem with numbers like 365 and the letters "Netflix," according to authorities.
After a preliminary investigation by personnel, the cargo ship was cleared to continue.
Australian Federal Police Criminal Inspector Luke Wilson said he had been docked at a port in Central and South America before arriving in Australia. It would be a major blow to a well-funded syndicate, as millions of dollars in drug profits would flow back into the syndicate, preventing it from funding its extravagant lifestyles and its next criminal undertaking."18}
AFP said the mass seizure of cocaine cost nearly $311 million. Drug-related harm, including related crimes, lost productivity and medical costs.
Australian Border Patrol detains goods NSW Superintendent Joan Yates said the large shipment showed Border Patrol officers' expertise in detecting illegal drug trafficking. .
"We work with our law enforcement partners to ensure that Australian communities are kept safe from the importation of dangerous drugs," she said.
AFP says 2.2 pounds of cocaine could fetch just over $276,000 on Australia's east coast, depending on the availability and purity of the drug. .
This seizure occurred because Australia is in the midst of a cocaine shortage. This means that the wholesale price of 2.2 pounds of cocaine is at least $89,000 higher than before. Pandemic.
Police say there is still a high demand for the illegal drug nationwide, raising concerns that more people will use the drug.