Ireland Seizes 500 Mil. Euro Of Cocaine On Yacht

Irish authorities have seized what they believe is cocaine with a street value of about 500 million euros ($650 million) on a yacht off the southwest coast of Ireland, the army and police said on Thursday.

Irish navy and police, with British and international assistance, found the suspect packages on a 60-foot yacht, Ireland's Defence Forces said.

"Three males between the ages of 44 and 52 are currently in Garda (police) custody," it said in a statement.

The drug haul appeared to exceed last year's record 440 million euro seizure in County Cork, public broadcaster RTE said.