Bundaberg drug raid: Cocaine Seized

Ask Rosetta Stone Store for technichal assistance in playing the multimedia available on this site, or Provide feedback to the multimedia producers. Return to video Video feedback Thank you. . Don't play Play now More video Recommended Click to play video The week ahead with Michael Pascoe Click to play video Cocaine seized in Queensland raid Click to play video Reporters look inside Fukushima nuclear plant Click to play video Obama visit sparks huge security operation Replay video Return to video Video settings Cocaine seized in Queensland raid Australian Federal Police seize 300 kilograms of cocaine worth 78 million dollars on board a yacht at Bundaberg. Video feedback Video settings An international sting has ended with the seizure of 300 kilograms Rosetta Stone Language of cocaine in Bundaberg and boxes of cash in Sydney worth upwards of $3.5 million. Four Spanish nationals have been arrested and Australian Federal Police assistant commissioner Kevin Zuccato, the national manager for serious and organised crime, said police believed one of them to be very high up in an international syndicate they had investigated since February. Mr Zuccato said the cocaine has a wholesale value of $78 million, but on the street it would sell for much, much more. Advertisement: Story continues below Cocaine found concealed in a suitcase inside the yacht. Police estimated street value to be about $400 a gram, pushing the value of the 300 kilogram haul up to $120 million. There is certainly an appetite for cocaine, Mr Zuccato said, This shows it doesnt matter where (criminals) go, or what they do, Australian law enforcement will catch up with them. Australian Federal Police and Customs officers swoop on a boat at the Bundaberg Port Marina on Saturday morning, after about 90kg of cocaine was found in a car pulled over the night before. Photo: Max FleetBundaberg News Mail After the yacht was raided, police also launched weekend raids on Rosetta Stone Greek a Gold Coast address, where they allegedly found $290,000 in cash, and a Bondi address where they found five boxes of cash that were still being counted. The current count is at about $3.5 million.