Cocaine bust nets $1 million along with almost $300,000 in cash
A Calgary man is facing drug charges after police seized 12 kilograms of cocaine with a street value of over $1 million and approximately $291,000 in cash from a Varsity Drive apartment.
The Calgary Combined Forces Special Enforcement Unit (CFSEU-Calgary) and CPS executed a search warrant in late February at an apartment on Varsity Dr. N.W. where they found the cocaine and cash.
“A significant seizure like this one undoubtedly has a positive impact on community safety,” said CFSEU-Calgary Inspector Gerry Francois. “That being said, our focus is on dismantling organized crime groups in their entirety in order to have a long-term impact and, therefore, our investigation is ongoing.”
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Michael Banner, 31, of Calgary, is charged with two counts each of possession for the purpose of trafficking and possession of proceeds of crime.
The accused was released on bail and must meet numerous conditions. His next court appearance is on March 20th.
The investigation is ongoing.
CFSEU-Calgary is an ALERT team established and funded by the Government of Alberta to bring together the province’s most sophisticated law enforcement resources to tackle serious and organized crime. Over 400 municipal police, RCMP and sheriffs work for ALERT.