Two men have appeared in court after 100kg of cocaine, with an estimated street value of £5m, was seized from a yacht off the coast of Cornwall.

Douglas Wood, 58, of Sandwich Bay, Kent, and David Coxon, 52, of Newcastle, were remanded in custody at Greenwich Magistrates’ Court.

The men, who face several drug trafficking charges, will appear in court again on 22 September.

The yacht Ronin was en-route from the Caribbean when it was stopped.

The UK Border Agency (UKBA) operation involved officers from the Serious and Organised Crime Agency (Soca), who were assisted by the Devonport-based Royal Navy frigate HMS Argyll.

The British-registered Ronin was taken to secure docks in Plymouth for forensic examination.

A 42-year-old man has been bailed to return to a London police station on a date in October.

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