THE AUSTRALIAN Federal Police has charged men with smuggling cocaine as part of an investigation into 247 kilograms of cocaine seized from a yacht moored in Townsville.

The men, both from Griffith in the Australian Capital Territory and aged 55 and 44, were arrested at their apartment on Thursday (20 July).

Police say one of the men threw a backpack containing $290,000 cash in a vacuum sealed bag from the apartment balcony when the AFP knocked on the front door and announced they had a search warrant.

Police will allege the cash is proceeds of crime.

The AFP alleges the men travelled to Townsville from Canberra in May to recover “a commercial quantity of cocaine” that was hidden inside the yacht’s hull.

According to the AFP, the yacht arrived in Townsville in April after sailing from Vanuatu.

After searching the vessel in the water on arrival, officers still believed the vessel posed a threat and restricted the vessel to port for 90 days whilst investigations continued.

Once out of the water, Australian Border Force and AFP officers found minor anomalies with the vessels hull. Using a variety of mechanical tools, ABF and AFP officers removed 247 kilograms of cocaine hidden in enclosed sections.

Investigations into the seized drugs are ongoing.

Both men appeared in the ACT Magistrates Court on Friday (21 July) before being extradited to Brisbane on Saturday (22 July).

The men are due to be charged with smuggling drugs and dealing in the proceeds of crime in the Brisbane Magistrates Court

The maximum penalty for these offences is life imprisonment.

AFP Detective Superintendent Adrian Telfer said the cocaine trade fuelled violence on Australian streets and increased the power of organised crime.

“Every time someone buys cocaine they are lining the pockets of organised crime gangs who are responsible for violence here in Australia and around the world,” he said.

“This amount of cocaine has an estimated street value of $61,750,000. That’s money which criminal groups would use to buy weapons, corrupt officials and governments overseas and turn the Pacific into an illicit drug superhighway.”

ABF Commander James Copeman said this is another example of Australian law enforcement agencies working together to protect the Australian community.

“It doesn’t matter if it’s a container laden with heroin, an envelope full of methamphetamine or a sailing vessel packed with cocaine, our officers have the skills, technology and inquisitive mindset to detect it,” he said.

Queensland Police Service Chief Superintendent Craig Morrow said, “Joint operations like these combine the resources and intelligence of each enforcement agency to detect, disrupt and deter the illegal drug trade in our country.”

 “Targeting the illegal drug trade by disrupting the supply and the distribution networks is a priority for all law enforcement agencies. The aim is to stop them from entering our community and causing untold damages to people and families.”