Haley Joel Osment Caught on Police Body Cam Using Slur and Alleged Cocaine

6:42 PM PT — Haley Joel Osment tells TMZ … “I’m absolutely horrified by my behavior. Had I known I used this disgraceful language in the throes of a blackout, I would have spoken up sooner. The past few months of loss and displacement have broken me down to a very low emotional place.

But that’s no excuse for using this disgusting word. From the bottom of my heart, I apologize to absolutely everyone that this hurts. What came out of my mouth was nonsensical garbage – I’ve let the Jewish community down and it devastates me. I don’t ask for anyone’s forgiveness, but I promise to atone for my terrible mistake.”

Haley Joel Osment was in the back of a police car on his way to jail when he called his arresting officer a “Nazi” and a Jewish slur … at least according to police body cam footage.

TMZ just obtained the video from Haley’s arrest at a California ski resort and you hear him calling the cop driving him to jail a “f***** Nazi” and the “K” word.

Video also shows the moment cops claim they found cocaine in Haley’s possession … and the drugs appear to be concealed in a $20 bill.

The footage backs up what we first reported … that Haley dropped some offensive labels on the cop who was arresting him at Mammoth Mountain.

You can see the cops take the alleged cocaine as evidence too … and Haley was ultimately charged with two misdemeanors … possession of cocaine and disorderly conduct under the influence of alcohol in public.