Australian authorities intercept over a ton of cocaine worth $400M

More than a ton of cocaine worth nearly $400 million was seized off the coast of Australia during a drug bust that ended with the arrests of five men on Friday, local authorities said.

New South Wales (NSW) Police Force investigators obtained intelligence about a suspicious purchase of a boat with a large sum of cash in late April and began following the movements of the vessel and people involved, the NSW and Australian Federal Police (AFP) said in a joint news release.

Both the NSW...