The €157 million seizure is a ‘huge hit’ to the criminal gangs, gardaí say, and more arrests may follow
Initial estimates put the value of the cocaine at €157 million, although this may increase or decease once purity tests are completed. If it had reached the street, the value could have increased five-fold or more, depending on how much criminal gangs diluted it.It remains possible more cocaine may be recovered fromwhich gardaí believe was used to ferry drugs from the MV Matthew to the shore.
It is not clear if any cocaine is aboard or if some of the drug was thrown overboard before the men were rescued. As part of this Irish Naval Service personnel were designated customs officials under law in preparation for any boarding. It was the first time the legislation, which was introduced in 2015, was used.
Personnel from the Army Ranger Wing , the Defence Forces special forces Unit, then fast roped on to the deck of the ship as it attempted to manoeuvre away. Mr Kelly declined to go into detail on several aspects of the operation, including the role played by the Castlemore, except to say it was a “vessel of interest” from the day the Taskforce was stood up on September 22nd.
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