VANCOUVER (BCIT NEWS) – Hundreds of thousands of dollars in cash and over fifty kilograms of cocaine were seized as a result of a search warrant execution in Vancouver on Saturday, November 9.
The raid was conducted after two men were arrested on Friday afternoon at the corner of Expo Boulevard and Smithe Street. The men were suspected to be in possession of drugs; they led the investigation team to an apartment on the 1100 block Quebec Street.
The team has acquired a search warrant, and found several safes after entering an otherwise empty apartment.
After they opened the safes, police found several hundred thousand dollars in Canadian polymer bills, as well as some American currency.
They also found 54 kilograms of cocaine with estimated street value of over three million dollars. Superintendent Mike Porteous says this might be the biggest cocaine seizure Vancouver police has ever seen.
“The VPD has made a commitment to reduce the violence linked to the illicit drug trade in the Downtown Eastside. This seizure will be a significant disruption to the distribution of cocaine and the drug trade associated [with] it,” Porteous explained in a news conference at the Vancouver Police Headquarters.
Porteous added the VPD believes an organized crime group is responsible for the money and drugs found in the apartment. However, the police do not have anyone in custody, and no charges have been laid so far.
This article was originally published on BCIT News website. Read this and other articles by Olsy Sorokina here.