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Estimated to be worth $315 million
New Zealand police intercepted the drugs, which they say were tangled in nets and attached to flotation devices so that someone could come retrieve it. Officials didn’t reveal how they learned of the drugs, but said they hadn’t been in the water long when they picked them up. The 81 bales of cocaine are estimated to be worth $315 million. New Zealand police said the drugs likely came from South America and were headed for Australia. They have yet to make any arrests, but are continuing to investigate the situation with other international agencies.
