00:01Police found 2.7 metric tons of cocaine on a property on the outskirts of Sydney
00:07in Australia's largest ever seizure of the drug, officials said on Monday.
00:13The drug was found on June the 19th in plastic tubs buried in underground bunkers
00:18hidden beneath three shipping containers on a semi-rural property in the suburb of Sydney,
00:24joint organised crime task force said in a statement.
00:27The containers had false floors that provided access to the cocaine,
00:32which police estimate had a street value of 499 million euros.
00:37Two Sydney residents, men aged 21 and 25, were arrested at the property
00:42and charged with possessing a commercial quantity of an illicit drug.
00:47They faced potential sentences of life in prison.
00:51Australians pay some of the world's highest prices for cocaine and other drugs,
00:55which makes the country one of the most lucrative markets for drug traffickers.
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