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Wednesday, February 08 2012 @ 01:06 AM COT

1,600 Kilos of Cocaine Busted on Colon Beach

Drug TraffickingOfficers from the Panamanian National Naval Air Service (SENAN) seized at least 1,600 kilos of cocaine from a boat that washed up on shore at the Chiquita beach in the upper coast of Colon. The cocaine was found in a 42 foot long boat with four 200 horsepower outboard engines, according to a Senan press release. During the chase the people who were traveling on the boat threw several bags of cocaine into the water, said the report. (Source - La Prensa)

Editor's Comment: There are all kinds of stories in Panama of people who find bundles of cocaine washed up on the beach. A person who has been dirt poor all of their life suddenly has the money to tear down their old shack, put up a new cement two-story building, buy a nice SUV, etc. When they find these bundles what people typically do is hide them, then they make contact with a local drug trafficker to negotiate for a reward or finder's fee. There will be lots of people walking the beaches tonight, that's for sure. And this bust of 1,600 kilos converts to just over 1.7 tons, and this cocaine would have a US street value of more than $160 million dollars.   

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