Cocaine found floating in Pacific Ocean worth over $300 million | USA TODAY

Authorities in New Zealand find 3.5 tons of cocaine in one of their largest drug seizures. The video was blurred by the New Zealand Police Department.

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Authorities in New Zealand announced Wednesday that they had intercepted a 3.5-ton shipment of cocaine afloat in a remote swath of the Pacific Ocean.

“There is no doubt this discovery lands a major financial blow right from the South American producers through to the distributors of this product,” said New Zealand Police Commissioner Andrew Coster in a news release. “This is one of the single biggest seizures of illegal drugs by authorities in this country.”

No arrests had been made, but customs officials pointed to the magnitude of the bust, estimating the cocaine’s value at roughly $315.2 million.

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