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Ireland seizes 500 million euro of cocaine on yacht

DUBLIN (Reuters) - Irish authorities have seized what they believe is cocaine with a street value of about 500 million euros (413 million pounds) on a yacht off the southwest coast of Ireland, the army and police said on Thursday.

Irish navy and police, with British and international assistance, found the suspect packages on a 60-foot yacht, Ireland’s Defence Forces said.

“Three males between the ages of 44 and 52 are currently in Garda (police) custody,” it said in a statement.

The drug haul appeared to exceed last year’s record 440 million euro seizure in County Cork, public broadcaster RTE said.

Reporting by Andras Gergely

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