Fisherman turns over P56M cocaine haul found floating in Palawan waters

A fisherman in Palawan turned over a package of suspected cocaine valued at approximately P56 million, found floating in the waters off Puerto Princesa City.

The contraband, containing an estimated 11 kilograms of suspected cocaine, was wrapped in a plastic bag marked EB Bugatti, according to the Philippine Drug Enforcement Agency (PDEA).

This discovery followed five days after another group of fishermen found dried marijuana leaves valued at P20 million floating near the coast of Barangay Bagong Sikat in Puerto Princesa City.

The fishermen initially found the suspected cocaine on October 6 and formally surrendered it to the Coast Guard Sub-Station Bagumbayan on October 9.

The recovery and turnover were coordinated through the Western Command (Wescom) and handled by the PDEA Mimaropa Regional Office.

The PDEA is investigating the origin of the contraband and identifying individuals involved in its dumping.