ST JAMES, Jamaica – A 36-year-old female banker has been taken into police custody following the seizure of US$550,000 worth of cocaine and ammunition.

The woman, who is employed at a popular bank in Montego Bay, St James, was arrested during an operation by Narcotics police in Goodwill district, St James on Wednesday.

A high-end Sports Utility Vehicle (SUV) has also been confiscated by the cops.

It is reported that about 6:00 pm, a white 2002 Toyota Prado was intercepted at a premises in Goodwill, after several attempts by the driver to elude the police failed.

The police say during a subsequent search of the vehicle, 10 rectangular-shaped packages containing cocaine were found. The cocaine weighed approximately 24 pounds, the police said.

The banker, who was driving the vehicle, was detained.

During a further search of a two-storey dwelling house occupied by the banker, a number of magazines and twelve 9mm cartridges were found in a bedroom.

These items were seized, and the suspect was arrested on reasonable suspicion for breaches of both the Dangerous Drugs and Firearms acts.