Israeli police say they have busted an international ring of Israeli drug smugglers and that $500 million worth of cocaine has been seized in three different countries.

The police say law enforcement officials working in several countries seized one-and-a-half tons of cocaine. Their statement Tuesday said the drugs were caught in October and November in the Bahamas, Spain and Peru.

Police say the drugs were hidden inside industrial machinery and sent in shipping containers. They say 10 Israelis have been arrested and one more is still wanted abroad.

The statement says among those arrested in Peru is a welder whose job was to conceal the drugs. Another is the head of a cargo company who arranged the drugs' transport.