U.S. officials seize 20 tonnes of cocaine from ship reportedly owned by JP Morgan - Premium Times Nigeria

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U.S. officials seize 20 tonnes of cocaine from ship reportedly owned by JP Morgan

Although the ship, named MSC Gayane, is operated by Switzerland-based Mediterranean Shipping Company , it was financed by a transportation strategy fund run by JP Morgan’s asset management arm.

A statement by the US Justice Department said six crew members aboard the ship have been arrested and charged with knowingly and intentionally conspiring to possess more than five kilograms of cocaine.According to online vessel tracking website MarineTraffic, the ship was flying under the flag of Liberia, a country in West Africa.The Liberian connection in the entire development remains unclear Friday morning.

“A Liberian registered ship is not in itself a link with the West Africa drug economy,” Mark Shaw, the director of the Global Initiative against Transnational Organized Crime, told Business Insider. “Liberia serves as a flag state for much shipping.”Earlier in the year, authorities in Philadelphia found 13 large black duffel bags with a combined 450 bricks of cocaine being shipped in one of the company’s shipping containers.

 

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So the stories portrayed in NarcosSeries seems to be true

20 tonnes? 😳

This should read financed

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