By Diane Alter


Bundaberg, Queensland, Australia

Three men and a women from Spain were in an Australian court Monday after they were arrested in connection with the seizure of more than 600 pounds of cocaine from a yacht in Queensland, the second significant seizure in just over a year.

The cocaine, with an estimated street value of $120 million, was found hidden in the hull of a yacht named Friday Freedom by police on Friday.

The raid is believed to be the fifth largest cocaine seizure in Australia's history.

The yacht had been under close investigation by the Australian Federal Police for its links to an organized crime syndicate and was tracked as it headed from Vanuatu to Australia on Oct. 4.

Police also seized an addition $3 million in searches of two homes.

The four arrested remain in custody pending another hearing, set for Jan. 12

If convicted, they could face life in prison.

World - Aussies Arrest Four, Seize Cocaine Worth $120 Million | Global Viewpoint