U.S. Releases Container Ship Found With 20 Tons of Cocaine

The release of the MSC Gayane, owned by J.P. Morgan Asset Management and chartered to Mediterranean Shipping Co., means the ship can resume commercial operations after being held at the Port of Philadelphia for nearly a month.

Newsletter Sign-up The ship, which is worth around $90 million, is still subject to possible forfeiture if the probe links senior crew members with the cocaine haul, people with knowledge of the matter said. “MSC has arranged the payments, and the ship, plus 16 crew that had not been charged, were let go,” a person involved in the matter said. “The federal government is still building a forfeiture case, but the $50 million was deemed enough to let the Gayane go for now.”

The ship was making its only stop in the U.S. at the time of the raid after starting its journey in Chile and stopping in Peru, Panama and the Bahamas on its way to Europe.

Bad move by the authorities

JP Morgan?

Guaranteed by jpmorgan

Where’d the money come from? And who’s got the cocaine now ?

I feel like people aren’t understanding what is happening with this article...the cocaine is still seized and the crew members accused of being responsible are still in jail. Whoever owns the cargo ship (I think JP Morgan) paid $50 million dollars so that the ship can deliver...

What?

Cost of doing business.

I hope they took the drugs off!!!!

Are they mad, surely it's an illegal drug.

trump’s modus operandi: Anything goes if you have $$$ TrumpCrimeSyndicate

If a civilian is caught smuggling drugs, their property is permanently forfeited. Another example of laws not applying to big corporations.

C.R.E.A.M and that's a fucking problem.

What about d 'Yay Yo'!!!!!?

20 tons of cocaine is lot of blow.

so it can go to another port?

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