A 48-year-old man has been arrested in Derry as part of a major investigation into drugs supply and money laundering.
The man was taken to Strand Road Police Station for questioning yesterday after being arrested on suspicion of supplying Class A and B drugs following the seizure of a substantial quantity of suspected Cocaine and Herbal Cannabis with an estimated street value of over £750,000 from a vehicle that was stopped by police in Belfast on February 8, 2017.
He has since been released pending a report to the PPS.
Detective Inspector Tom McClure said: “This was a significant haul of drugs recovered by our officers as part of a proactive operation targeting criminals intent on making money from illicit drugs."
He said the PSNI would relentlessly pursue those suspected of involvement in the drugs trade.
“We will continue in our efforts to make Northern Ireland a safer place to live and work by proactively investigating and arresting people involved in serious criminality.
"The supply of controlled drugs by gangs is the cause of significant harm in our communities. And those who involve themselves in such criminality should expect to end up in a prison cell.
"There is no place in our society for these individuals who are only interested in making money for their own personal gain at the expense of others. They do not care that their actions could end up killing people. Drugs not only affect the person taking them, their families and the community also suffer.
“I would ask anyone who has any information about the use or supply of illegal drugs to contact police on the non-emergency number 101. Alternatively, information can also be provided to the independent charity Crimestoppers on 0800 555 111, which is 100% anonymous and gives people the power to speak up and stop crime.”