Thirty-seven-year-old Peter Schmidt and 33-year-old Carlos Lopez, who were remanded into custody after they were charged with drug trafficking for five point seven kilograms of cocaine and possession of firearm and ammunition, were released on bails of one hundred thousand dollars that was offered to them today by Justice Adolph Lucas. Their bails were granted on the condition that they attend Magistrate’s Court on March 8 and on any other day that the magistrate orders them to reappear; that Schmidt report to Caye Caulker Police Station every Friday and that Lopez report to Ladyville Police Station every Friday; that they do not interfere with any of the prosecution witnesses; that Lopez surrender his passport and other travel documents; and that Schmidt, who has no passport, does not apply for any travel document. Schmidt and Lopez were busted on Sunday, December 17. They were in a SUV that the police intercepted on Piper Street in Buttonwood Bay. When the police searched the vehicle they found the drug in a knapsack on the back seat and the firearm and ammunition under the back seat. Schmidt was represented by attorney Ellis Arnold while Lopez was represented by attorney Oscar Selgado. Senior Crown Counsel Sheneiza Smith represented the Crown.