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    Hong Kong Authorities Seize $77 Million of Cocaine

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    Hong Kong authorities have seized cocaine worth 77 million dollars, making it the city's largest ever cocaine haul. Eight people have been arrested in connection.

    Hong Kong police said in a statement that 1,250 pounds of cocaine was confiscated.

    The drugs are believed to have been delivered by sea from South American countries including Colombia, Peru and Bolivia, and may have been bound for larger markets such as mainland China, the South China Morning Post reported.

    Local media report the drugs were concealed in heaps of compressed plastics in a recycling warehouse rented by a South American-based drug syndicate.

    Five Mexicans, a Colombian and an American were among those arrested, the report added.

    Under Hong Kong law, if convicted, the suspects could face life imprisonment and a fine of over 600-thousand dollars for trafficking a dangerous drug.