Cocaine, kidnappings, and chaos: Inside failed international drug heist off the shores of Western Cape | News24

The alleged cocaine shipment was apparently lost at sea off the coast of the Western Cape. (Brenton Geach/Gallo Images)

Cocaine with an estimated street value of more than R1 billion, the Bulgarian mafia, a Colombian cartel and top 28s gang associates feature in an international drug deal that appears to have gone awry off the shores of Simon’s Town leading to shootings, kidnappings and a high level-police investigation. 

An alleged Western Cape crime lord and his associate have now been kidnapped in what has unfolded as a Hollywood-style tale that involves a missing shipment of cocaine.

Four sources close to the investigation told News24 Peter Jaggers and his associate, William Peterson, went missing on Sunday, 30 June, a few hours after travelling from Cape Town to Gauteng where they were supposed to attend a meeting.