Business in Ireland

Business in Ireland

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  • Helena Deane
    Helena Deane    Group moderator
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    Stormy weather hampers cocaine-yacht recovery
    Stormy weather conditions have hampered the recovery of a luxury yacht packed with €0.5bn worth of cocaine seized off the Irish coast.

    Gale force winds and seven metre high waves have battered the Dances With Waves, which is being towed ashore under armed guard.

    The vessel, laden with 1.5 tonnes of cocaine, was expected to arrive at a small fishing port in Co Cork in the early hours of the morning.

    But poor weather conditions have slowed down the operation, led by the naval vessel the LE Roisin.

    Officials estimate the detained yacht could arrive in Castletownbere within the next hour where it will be handed over to customs officers for examination.

    Meanwhile, drugs squad officers will today question three men arrested after armed authorities stormed the 60ft cruiser in international waters 150 miles off south-west Cork.

    The two Britons, and one man originally from Dublin, were brought ashore last night.

    (breakingnews.ie)