Biggest Ice lab in the southern hemisphere raided A sophisticated international drug syndicate financed out of Hong Kong - and linked to a $4.38 billion Ice haul - has been smashed after simultaneous raids in Hong Kong, Malaysia and Fiji yesterday. Four Hong Kong syndicate members in Fiji, two in Malaysia and one in North Point, Hong Kong, were among 14 people arrested in what investigators describe as one of the world's biggest drug busts. More than 60 officers from Hong Kong, Fiji, Australia and New Zealand raided an industrial estate and three homes in the Fijian capital of Suva, uncovering the largest crystal methamphetamine factory found in the southern hemisphere. Seven people, including four Hong Kong Chinese, were arrested and the factory had enough chemicals to produce 1,000kg of the popular party drug Ice in less than a fortnight. The drug would have had a street value of $4.38 billion. In Hong Kong, Narcotics Bureau officers raided several addresses, arresting one man and seizing $30 million in a suitcase - as well as jewellery and valuables. At the same time in Malaysia, six syndicate members were arrested, including two Hong Kong Chinese - a man and a woman. Chief Superintendent Kenny Ip Lau-chuen, head of the Hong Kong Narcotics Bureau, last night said the raids were the result of a 14-month covert investigation, dubbed Operation Outrigger. Mr Ip said the cartel was also involved in trafficking heroin, Ecstasy and cannabis in Australia, Asia and Europe. Fijian Police Commissioner Andrew Hughes said the drugs were destined for Asia, Europe, the US, Australia and New Zealand. 'This [was] the largest clandestine laboratory ever discovered and disrupted in the southern hemisphere. [It] is a frightening example of transnational organised crime elements using Fiji as a staging ground,' Mr Hughes said. Officers found drugs 'bubbling away' in a warehouse stacked with drums of chemicals. An Asian expatriate is believed to have rented the warehouse. It was backed by 'a cartel with Hong Kong and Malaysian connections ... the thing is being financed from Hong Kong', Fijian police spokesman Mesake Koroi said. Tony O'Connor, Fiji's director-general of customs, said the seven men arrested were expected to appear in court in Suva tomorrow. The factory could also have had a devastating environmental impact - for every 1kg of drugs made, 6kg of toxic waste was produced.