HONG KONG, April 30, 2011 (AFP) - Hong Kong police have discovered suspected cocaine worth over HK$150 million (US $19 million) in their biggest drugs seizure this year, they said in a statement Saturday.
They intercepted the haul, which weighed 147 kilograms (323 pounds), after arresting two men aged 29 and 53 on Friday in the Sha Tin residential area of the south Chinese territory with one kilogram of cocaine in their possession.
The rest of the drugs were found later Friday when police raided a residential unit in the downtown Tsim Sha Tsui district.
Local RTHK radio reported that the 29-year-old suspect was Venezuelan and the older suspect Chinese, and that both were thought to be involved in a group smuggling drugs across the border with mainland China.
The arrests followed a month-long investigation, the radio station said, and the two were due to appear before magistrates on Monday.
In March, a man was sentenced to 22 years in prison over the city's biggest ever cocaine bust, in which drugs weighing 372 kilograms and worth HK$337 million were found.