Packets of cocaine float in the water beside the rescue boat
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Customs officers have recovered another bale of cocaine worth 1.75m euro from the sea off the west Cork coast.
An English drugs trafficking gang is thought to be behind more than 100m euro of cocaine already recovered.
One Englishman has been arrested in connection with the haul - which is believed to have been destined for the British market, said gardai.
It was found off the coast of Cork as rescuers searched for a man believed missing from a capsized dinghy.
Witnesses to the sea rescue saw 50 packets of white powder in the water.
Police are now searching for two men they believe were waiting with a van on the shore for what now appears to be a massive cocaine consignment from the Carribean.
One man, rescued from the sea, has been arrested under drugs trafficking legislation.
A second Englishman, who was also at sea, is still being treated in Bantry hospital.