Hundreds of kilos of ice worth $87m seized

·1-min read

Police have seized almost 300 kilograms of the drug ice, worth $87 million, in a major NSW bust.

Organised Crime Squad detectives arrested a 40-year-old Woy Woy man during a vehicle stop on Thursday, allegedly finding tubs of the drug stashed in his van.

Some 41 plastic baggies each containing a kilogram of methylamphetamine were located.

Within the hour police had arrested another man, aged 28, in Kingswood, before raiding both men's homes.

During the search of the Kingswood home, officers found 13 tubs containing another 248kg of ice in a shed.

Some $300,000 in cash, along with mobile phones and designer watches, were seized from the home in Woy Woy.

In total 289kg of ice was seized, with an estimated potential street value of $86.7 million.

The 40-year-old man was charged with supplying a prohibited drug in a large commercial quantity and knowingly dealing with proceeds of crime.

The 28-year-old was charged with two counts of supply prohibited drug in a large commercial quantity.

Both were refused bail to appear at Penrith Local Court on Friday.