Newport drug dealer had £80k in dirty cash and Rolex
The court heard that Price had admitted possession of around 1.5 kilograms of cocaine on June 3 with the intent to supply it when he appeared at Newport Magistrates' Court on June 5.
He was further charged with three offences of possessing criminal property on June 3.
It was alleged the defendant had £81,285 in cash and two Rolex watches as a result of his criminal activity.
He pleaded guilty to the charges relating to the cash and one of the Rolexes, but denied the charge relating to the second Rolex.
The prosecution asked for the case to be adjourned to consider whether a trial was sought on the remaining charge and if the basis of plea entered for the drug offence was acceptable.
Judge Hywel James adjourned the case until August 1.
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