World champion kayaker and Olympic silver medallist Nathan Baggaley has been denied bail for a second time following his alleged involvement in a botched plan to import $210 million worth of cocaine with his brother.

Baggaley's bail application was dismissed in the Brisbane Supreme Court on Wednesday after proceedings held in a closed court.

Olympic silver medallist kayaker Nathan Baggaley. Credit:Marissa Calligeros

Baggaley is accused of buying a $100,000 boat his brother and another man allegedly used to collect almost 600 kilograms of cocaine from a larger vessel off the northern New South Wales coast in 2018.

AAP