Drugs seizure 'could be worth half a billion euro'

Today’s cocaine seizure off the south west coast could be worth as much as €500m, it has been revealed.

“A substantial quantity of suspect packages of what is believed to be cocaine with an estimated street value of approx €500m, subject to forensic analysis, have been detected onboard the yacht and are being brought to an Irish port for examination by customs and Garda officers,” said a statement from The Defence Forces.