The BVI’s joint task force with the assistance of the US Coast Guard reportedly seized about 11 bales of a substance believed to be cocaine.

BVI News understands the drugs has an estimated street value of $27 million.

Details are still sketchy but our news centre further understands that the suspect currently in custody was one of three individuals who were on a maritime vessel transporting the drugs.

Law enforcers were able to intercept the vessel with the assistance of a USVI helicopter during a high-speed chase. Two of the assailants escaped.

Based on photos and video footage sent to our news centre, it appears the two at large assailants were able to evade law enforcers after steering the vessel on to land.

BVI News will provide further information on this developing story as it becomes available.