Two men accused of importing cocaine worth more than $61 million (US$41 million) into Queensland by sea will remain in custody.
Matthieu Anthony Rees, 44, and Rachid Kachour, 55, both from Griffith in the ACT, were arrested at their Canberra apartment on Thursday as part of an investigation into a quarter-ton of cocaine seized from a yacht moored in Townsville.
Police say one of the men threw a backpack containing $290,000 cash in a vacuum-sealed bag from the apartment balcony when the officers knocked on the front door.
Australian Federal Police alleged the cash was the proceeds of crime, and both men travelled to Townsville from Canberra in May to recover cocaine hidden inside the yacht’s hull….