Ship seized with $ 1.3 billion worth of cocaine aboard owned by JPMorgan Chase

A ship carrying more than $ 1 billion worth of cocaine on board – which was seized in Philadelphia on July 4 – belongs to financial giant JPMorgan Chase, according to a report.

The US Customs and Border Protection Service announced Monday that its agents had discovered nearly 20 tons of cocaine – or nearly 40,000 kilograms – in several shipping containers aboard the MSC Gayane while on the move. he was moored in the port of Philadelphia on June 17th.

Cocaine was stolen to the tune of $ 1.3 billion, making it the largest cocaine seizure ever made by CBP, the agency said.

PHILIPPINES POLICE RECEIVES APPROXIMATELY $ 1.8 MILLION IN COCAINE AND OTHER DRUGS

"The seizure of a vessel of this size is complex and unprecedented, but it is appropriate because the circumstances here are also unprecedented," said William McSwain, US Attorney for the Eastern District of Pennsylvania. "When a ship will carry such a staggering amount of lethal drugs into Philadelphia waters, my office and agency partners will pursue the most serious consequences possible against all concerned to protect our district – and our country. "

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On July 4, CBP executed a warrant and seized the ship, finding the drugs. The MSC Gayane is the largest ship ever seized in 230 years, said CBP Field Operations Director Casey Durst in Baltimore, in a press release. The MSC Gayane belongs to JPMorgan Chase but is operated by the Swiss company Mediterranean Shipping Co., the magazine Markets Insider reported.

The financial firm did not comment on the case, according to reports.

Federal prosecutors are working with CBP, Homeland Security Investigations, the US Coast Guard and national and local law enforcement agencies to investigate the alleged conspiracy between crewmembers and others to fraud the record drug volume by the United States.