$340 million worth
of cocaine seized
MADRID — Spanish police have seized 4.5 tons of cocaine with an estimated street value of $340 million — the biggest confiscation of the drug arriving to the nation since 2001.
The Civil Guard said Wednesday the drugs were at a warehouse in the eastern city of Elche. Three Spaniards running a front company from the location were arrested.
The company imported leather from Colombia, and Civil Guard said cocaine was inside six shipping containers of leather that arrived Feb. 1.
The drugs were destined for distribution in Spain and Europe. Police raided 16 places linked to those arrested, seizing weapons that were not described and six luxury vehicles.MORE IN Wire NewsAn afternoon surge Wednesday gave the stock market its best day in close to four years, as stocks... Full StoryATHENS, Greece — Greece’s prime minister on Wednesday raised the political stakes ahead of next... Full StoryHEIDENAU, Germany — Chancellor Angela Merkel was met with jeers Wednesday as she traveled to a... Full Story
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