Cannabis found yesterday off the Galway coast has today been valued at an estimated €1.4 million.
The cannabis was discovered when a number of bales became entangled in the fishing net of a trawler.
The Garda National Drugs Unit, aided by the Irish Navy and the Revenue Customs Service, searched Galway Bay over the past 24 hours and recovered up to 140kgs of cannabis resin from the seabed.
The drugs are being taken to Rossaveal Port and are due to be moved to Dublin for further examination.
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Officers believe that the haul may have been part of a larger consignment dumped overboard in recent days to avoid detection.
No arrests have been made.