Australian Federal Police say they have seized 700 kilograms of cocaine, worth $280 million and labeled with the word Netflix, from a container ship at Port Botany.
The Singaporean vessel Maersk Inverness docked in Sydney last month, where Australian Border Force officials discovered 700kg of the substance hidden in denim bags inside a container marked as containing wood products.
Twenty-eight denim bags, each containing a 25-kilogram brick of cocaine marked with the word Netflix and the numbers 5 and 365, were seized by authorities on July 22.
The ship had called at ports in South and Central America before arriving in Sydney.
“We are still investigating where the drugs were loaded and who planned to collect them in Australia,” AFP Detective Inspector Luke Wilson said.
“Seizing this amount of drugs would be a significant blow to a well-resourced syndicate and prevent millions of dollars of drug profits from flowing back into the syndicate to fund their lavish lifestyles or next criminal venture.
The so-called “cocaine drought” in Sydney currently means cocaine sellers can command up to $400,000 per kilogram, federal police say.
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