AN estimated P5.3 million worth of cocaine in vacuum-packed plastic on Friday was found by two fishermen floating in the waters of Rapu-Rapu, Albay.

Police Regional Office 5 director Brig. Gen. Arnel Escobal  said the floating cocaine was found on the shoreline of Minaulang Palay in Bgy,  Calanaga in Rapu-Rapu by Adonis Bellen, 59; and his son Alvin, 35; both residents of Bgy. Nagcalsot, Rapu-Rapu.

The two fishermen turned over their find to local barangay officials, who, in turn informed the Rapu-Rapu Municipal Police Station.

The local police brought the drugs to the Philippine Drug Enforcement Agency.

The discovered cocaine weighed  1,019.49 grams, with an estimated market value of P 5,403, 297.

Escobal earlier called on residents of coastal communities in Bicol to immediately report to the police the presence of floating cocaine in their areas and be rewarded.