Hank Dudding of the Memphis Commercial Appeal reports:

Shawne Williams indicted, arrested on drug charges

Former Memphis Tigers basketball player Shawne Williams, who was waived by the NBA’s New Jersey Nets today, was indicted by a Shelby County Grand Jury on Tuesday on eight drug charges.

According to the Shelby County District Attorney’s office, Williams was indicted on four counts of possession of a controlled substance with intent to manufacture/deliver/sell, and four counts of conspiracy to manufacture/deliver/sell a controlled substance, a codeine-based syrup. Both are considered Class E felonies and carry standard sentences of 1-2 years, if convicted.

Williams turned himself into authorities and was booked today into the Shelby County Jail. His bond has been set at $16,000. He is one of 24 defendants indicted following the Memphis Police Department’s “Operation: Lockdown” investigation.