International drug bust nets $677 mln of cocaine bound for Australia

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Australian police released details of a joint operation with U.S. authorities to bust an international drug ring that seized 2.4 metric tons of cocaine and resulted in the arrest of 12 suspects

The cocaine, linked to a Mexican drug cartel, had a street value of around A$1 billion , and was equivalent to half of Australia's estimated annual consumption, making the seizure one of the biggest that Australian police have been involved in.

Twelve suspects have been arrested and charged in the case, Western Australian state police said in a statement on Saturday, releasing details for the first time of an operation that began last November when the U.S. Drug Enforcement Administration intercepted the vessel. Western Australian police substituted the cargo with identically packed fake cocaine and dropped it roughly 40 nautical miles west of state capital Perth on Dec. 28.

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