Aust. Police Seize Cocaine After Tip-Off From US

(AP) A tip-off from U.S. authorities led to the seizure of more than 1,000 pounds (460 kilograms) of cocaine transported to Australia from South America, police said Thursday.

The third-largest cocaine seizure in Australian history could have earned more than 160 million Australian dollars ($159 million) on the street, Australian Federal Police Deputy Commissioner Andrew Colvin told reporters.

Colvin said the U.S. Drug Enforcement Administration tipped off police last week that a catamaran carrying cocaine was headed for Australia from South America. After two days of helicopter surveillance, a catamaran and another vessel were spotted Friday nearly 500 miles (800 kilometers) off the eastern coast.

They were trailed until the yacht docked at Brisbane's Scarborough Marina.

Colvin said the cocaine had apparently been offloaded from the catamaran to the yacht.