Three men have been charged after allegedly trying to import 130 kilograms of methylamphetamine into Australia inside slabs of paraffin wax.
Australian Border Force (ABF) officers allegedly intercepted the haul, which was said to contain bathroom accessories and tiles.
The Australian Federal Police (AFP) said the estimated potential street value is more than $115 million.
Detectives arrested three men, one aged 30 and two aged 31, inside a shopping centre at about 6.40pm on Wednesday.
Officers later allegedly seized identification documents and about $20,000 cash after four search warrants in Auburn, West Ryde and Haymarket.
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“All items will undergo further forensic examination,” an AFP spokesperson said.
All three men were taken to Burwood Police Station and charged with import commercial quantity of border controlled drug and participate criminal group contribute criminal activity.
They were refused bail to appear at Burwood Local Court on Thursday.
AFP Detective Superintendent Narelle Mitchell said he hoped the arrests would send a strong message to people in involved the drug trade in Australia.
“We are focused, relentless and will use every tool we have to target you in multiple, innovative ways,” Mitchell said.