DW is reporting that "A joint Australian and Unites States law enforcement operation busted an international drug ring and stopped 2.4 metric tons of cocaine, worth roughly A$1 billion (roughly $675 million, or €635 million), from reaching Western Australia. Operation Beech has led to the arrest of 12 people with alleged links to a Mexican drug cartel."
"The operation started in November when US Drug Enforcement Administration agents seized 2.4 tons of cocaine aboard a vessel off the South American Coast destined for Australia.
The alleged drug traffickers were unaware of the seizure and Western Australian police then substituted the cargo for fake cocaine and dropped it in the ocean off Perth in late December.
Three suspected members of the Australian arm of a drug syndicate used two boats, called Catalina and Cool Runnings, to make several attempts to find and retrieve the cargo before they were arrested."