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Australia+seizes+drugs+worth+%24500m+from+Hong+Kong+ring
Tuesday, 31 July 2012 - 15:15
Australia seizes drugs worth $500m from Hong Kong ring
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Australian police have seized drugs worth over half a billion dollars and broken up a Hong Kong-based drugs ring.

Four Hong Kong nationals and three Australian residents were also arrested in raids in Sydney yesterday.

Over half a tonne of drugs, including 306kg of crystal methamphetamine - also known as ''ice'' - and 252kg of heroin, were seized.

The drugs are estimated to be worth $500 million.

The raids and arrests followed a year-long investigation.

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