Yacht carrying 1.1 tons of cocaine seized

BERLIN - German police say authorities have intercepted a yacht carrying 1.1 tons of cocaine worth some euro42 million ($60 million) from the Caribbean to Europe.

Police said Tuesday that the bust was part of an investigation begun in 2009 with French and Spanish authorities.

Two Germans sailing from the island of Grenada were stopped last week by French customs authorities. The cocaine was found hidden in the 43-foot yacht, and the suspects were arrested.

In searches in Germany, police say they found euro400,000 ($580,000) cash and euro900,000 ($1.3 million) in other assets.

Police say a South African man who was supposed to skipper the boat across the Atlantic was arrested Tuesday in the Caribbean. A Dutch man was arrested Tuesday in Spain.

[rwsmith29456]

That's a lot of blow.