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Cocaine Worth 4.8 Billion Yen Found on Japan Beach, Asahi

Nov. 21 (Bloomberg) -- Four backpacks stuffed with cocaine worth 4.8 billion yen ($48 million) were found on a beach in Japan, the biggest amount ever discovered in the country, local media reported.

The backpacks, containing 80 kilograms (176 pounds) of the drug wrapped in waterproof tape, were found by local residents in Yokosuka city on Nov. 19, the Asahi newspaper reported, citing local police. The find is the biggest by value in Japan, public broadcaster NHK said.

Yokosuka, home to a U.S. Navy base, is about 50 kilometers (31 miles) south of Tokyo.

To contact the reporters on this story: Terje Langeland in Tokyo at tlangeland1@bloomberg.net; Marco Lui in Tokyo at mlui11@bloomberg.net

To contact the editor responsible for this story: Frank Longid at flongid@bloomberg.net

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