Indiana State Police seized $150,000 worth of methamphetamine during a traffic stop Saturday on Interstate 265 in Floyd County.

Jose A. Rodriguez-Palma, 38, of Indianapolis, was stopped in his 2005 Jeep Liberty for traffic violations around 10:30 a.m. Saturday, according to a release from Indiana State Police in Sellersburg.

During a narcotics sweep of the vehicle, an Indiana State Police K-9 alerted officers to drugs in the car, the release said. Three pounds of suspected methamphetamine, or $150,000 worth, was located in the rear of the Jeep.

Rodriguez-Palma was arrested and charged with dealing methamphetamine, possession of methamphetamine, and maintaining a common nuisance, all felonies, and operator never licensed, a misdemeanor. He was transported to Floyd County Jail, where he was incarcerated.

Indiana State Police said the investigation is ongoing. No other information was provided in the release.

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Reporter Justin Sayers can be reached at 502-582-4252 or Follow him on Twitter at @_JustinSayers.