The Australian Federal Police (AFP) have seized 135 kilograms of methamphetamine with a street value of $130 million from a Melbourne apartment.
Police said they located four suitcases containing the drugs in an inner city Melbourne apartment on Tuesday night.
The drugs represent 1.3 million street deals, police said.
The AFP and Australian Crime Commission (ACC) executed search warrants in Melbourne yesterday and arrested four Taiwanese nationals, all aged in their twenties.
The seizure and arrests comes after intelligence from the Eligo National Task Force.
AFP Commander Bruce Giles said it was a significant seizure for the country and the state.
“Ice, we see as one of the most dangerous and insidious diseases in our communities and the fact that we have removed over 1.3 million street deals of methamphetamine has got to be good for the Victorian and Australian community,” he said.
“I think in terms of an organised crime syndicate operating in Australia, clearly they will see yet again that agencies cooperate effectively together to join forces to combat the drug trade.”
The four men will face the Melbourne Magistrates Court today on charges of possessing commercial quantities of border-controlled drugs and other drug-related charges.