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Biggest Cocaine bust worth more than $1BILLION seized in Philadelphia

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JP Morgan Shop seized with 20 tons of cocaine
Credits: International Business Times

On June 18, 20 tons of cocaine were seized at the Packer Marine Terminal in Philadelphia, Pennsylvania on from cargo containers of MSC Gayane. Moreover, news has emerged that the ship is owned by none other than JP Morgan.

Cocaine bust at the Packer Marine Terminal in Philadelphia

Sources revealed that the company has no control over the ship and it was hired by the Swiss-based Mediterranean Shipping Company. The cargo ship carrier around 16.5 tons of cocaine which is worth more than $1 billion.

It is said to be the largest drug busts in the entire American history. As per the news, the MSC Gayane worth $90 million is owned by a transportation strategy fund run by the banking giant’s asset management unit. Besides, 35,000 pounds of cocaine was discovered in seven shipping containers aboard.

Before getting seized, on May 19, the ship arrived after making a port call in Colombia. The ship halted at numerous stops including Panama, Peru, and the Bahamas before reaching the Packer Marine Terminal in the port of Philadelphia.

Additionally, 6 crew members from Samoa and Serbia have been charged for possession of cocaine on MSC Gayane. However, the officials are still investigating the case. They first seized the drugs at the terminal before taking the ship under the custody.

U.S. Attorney William McSwain statement

U.S. Attorney William McSwain tweeted that this amount of cocaine can kill millions of people. McSwain is officially handling the prosecutions. Moreover, he also confirmed that MSC Gayane is a Swiss-based shipping company.  It is considered one of the world’s biggest shipping lines in terms of containers.

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