A 53-year-old man has admitted possessing cocaine with intent to supply and having cash that came from criminal activity.
Darren Anthony Reece appeared in the Royal Court on Friday, where he pleaded guilty to both charges.
The supply offence was committed on 18 February and the cash was found at a flat in St. Brelade on 1 March.
Reece will be sentenced by the Superior Number of the Royal Court on 14 July.
He was remanded in custody until then.
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