Colombia seizes 11 tonnes of cocaine, its biggest haul ever

[Judi Lynn]

Cocaine was stored underground on 4 farms, drug linked to the Gulf Clan
Thomson Reuters Posted: Nov 08, 2017 10:56 PM ET Last Updated: Nov 08, 2017 10:56 PM ET

Police seized about 11 tonnes of cocaine from Colombia's top crime gang on Wednesday, the biggest haul ever in the nation's long-running fight against drug trafficking, President Juan Manuel Santos said.

The cocaine, with a U.S. market value estimated by Santos at about of $360 million, was found stored underground on four farms in a banana-growing region of northwest Antioquia province, near Colombia's border with Panama.

"Thanks to a police operation with overseas intelligence, from friendly countries, the largest seizure in history was made," Santos said at a police base where the cocaine was laid out in packages on display.

Santos linked the cocaine to the drug-trafficking gang known as the Gulf Clan, which has become one of the biggest threats to security since peace was signed last year with Marxist-led Revolutionary Armed Forces of Colombia (FARC) guerrillas.

More:
http://www.cbc.ca/news/world/colombia-cocaine-seized-1.4394265?cmp=rss

[Judi Lynn]

1. Colombia seizes 12 tonnes of cocaine in its biggest ever drugs bust

President Juan Manuel Santos says the huge haul has a street value of $360m and links it to the Gulf Clan trafficking gang
Reuters
Wednesday 8 November 2017 20.35 EST

Police have seized more than 12 tonnes of cocaine from Colombia’s top crime gang, the biggest haul ever in the nation’s long-running fight against drug trafficking, President Juan Manuel Santos said.

The cocaine was found stored underground on four farms in a banana-growing region of north-west Antioquia province, near Colombia’s border with Panama.

The US market value was estimated by Santos at about of $360m. The haul would break down into 11m hits of one gram each which would equate to $660m at an average street price of around $60 per gram.

“Thanks to a police operation with overseas intelligence, from friendly countries, the largest seizure in history was made,” Santos said at a police base where the cocaine was laid out in packages on display.

More:
https://www.theguardian.com/world/2017/nov/09/colombia-seizes-12-tonnes-of-cocaine-in-its-biggest-ever-drugs-bust

LBN:
https://www.democraticunderground.com/10141909757