Spanish authorities have seized four tonnes of cocaine as it was being brought ashore in a cove in northwest Spain, police said in a statement.
They surprised traffickers unloading the drugs from a six-engine speedboat before dawn on Sunday, and arrested one man.
The rocky Galician coastline, notoriously dangerous for ships, is a favourite entry route to Europe for cocaine traffickers.
A police spokesman said the cocaine would have a minimum street value of about €240 million.
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Over 117 tonnes of cocaine were seized in Europe in 2006, according to the European Monitoring Centre for Drugs and Drug Addiction, including some 50 tonnes seized in Spain.
Reuters