By Elisinio Castillo

According to multiple sources in Panama, charismatic Panamanian boxer Celestino 'Pelenchin' Caballero was arrested on Thursday after law officers discovered 10 kilos of what they suspect is cocaine in the boxer's vehicle during a traffic stop.

A prosecutor for the local Attorney General's Office, which handles drug related crimes, said Caballero was apprehended on a highway transporting 10 packages that are allegedly filled with cocaine in a Toyota Corolla with plate number AJ 3359. During a search of the vehicle, they found 5 kilos in the trunk, hidden within a toolbox, and then another 5 kilos were found in a plastic bag.

The drugs have a street value of $600,000 USD. The boxer was alone in the car and did not resist officers.

The police report noted - "I was able to stop this vehicle. He was alone, and handled by our anti-drug units. He did not resist the arrest and he said to us that he was carrying something illicit in the car. We found ten rectangular packages that are being analyzed.

Caballero was taken to a local police sub-station and then he will be handed over to a unit specializing in drug prosecutions.

The former two-division world champion announced his retirement in November of 2014, due to a retina injury after 43 fights with 37 wins.