Members of the Colombian police and Navy confiscated more than $300 million worth of cocaine stashed on a jungle riverbank in southern Colombia.

Five people were arrested during the raid, which netted what Colombian authorities call one of the biggest drug seizures in recent years.

The drugs reportedly belonged to members of the United Self-Defense Forces of Colombia, an outlawed far-right-wing militia known as AUC. This group has fought against Marxist rebels for many years, with thousands of people dying every year.

The cocaine was discovered in Narino state, a primary cocaine-producing region in Colombia. Most of the world's cocaine comes from Colombia.

Much of the production is shared by the paramilitary forces and their Marxist enemies, who use the proceeds to finance the conflict.

Some information for this report provided by Reuters and AP.