The French and Spanish coast guards have seized about three tons of pure cocaine on a luxury yacht in the Atlantic Ocean, off the Canary Islands.
French police said Friday the estimated street value of the impounded contraband from the British-flagged yacht, is about $250 million. It is one of the largest drug seizures ever made by French investigators.
French officer Hubert Bonneau, who led the operation with his Spanish counterparts, said investigators broke a gigantic drug trafficking network between Latin America and Europe.
The Spanish naval officials boarded the 27-meter-long vessel, registered on the English Channel Island of Guernsey, on August 26, following an investigation by French police. They found the cocaine concealed in small packages.
Police arrested 11 people in connection with the drug seizure, including three aboard the yacht.