Five people were arrested in another major drug bust that netted more than $300,000 in cash, drugs and ammunition, as a result of 18 search warrants executed across the island involving 70 police officers.

Police say Operation Algedi was conducted last Thursday (Aug 11) by the Financial Crime Unit, “assisted by the Serious Crime Department, Drugs Unit, Tactical Division and the Community Policing Division”.

“Following the Proceeds Of Crime Act search warrants, some live ammunition, drugs, believed to be cocaine, and more than $300,000 in cash were seized,” she said.

“A quantity of high-value goods believed to be acquired from the proceeds of crime were also seized.

“Five persons were arrested in relation to this operation.”

Detective Chief Inspector Sherwin Joseph of the Specialists Investigations Department said: “Money laundering and the associated predicate offences cause significant harm to our community and the financial reputation of Bermuda.

“The investigation is at a critical juncture and no further information will be provided at this time.”