The ship with 20 tons of cocaine, as it turned out, belongs to Fund which is managed by banking giant JPMorgan Chase

In June, US authorities in Philadelphia (Pennsylvania) detained a cargo ship with nearly 20 tons of cocaine on Board. The ship turned out to be owned by the Fund, managed banking giant JPMorgan Chase.

A source close to the situation said Wednesday that the ship, MSC Gayaneis part of the transport strategy of the Fund, acting for the Department for management of assets of the Bank.

However, as CNN reports, JPMorgan Chase has no operational control over the vessel under the Liberian flag. The Bank has not commented on the situation.

The US government is considering the seizure of the MSC Gayane, where over $1 billion in cocaine was found in the Port of Philadelphia

— Dustin Braden (@dbrades89) July 10, 2019

We will remind, on June 17, law enforcement officers climbed aboard MSC Gayane and found cocaine, which costs about $1.3 billion.

Initially, customs and border protection (CBP) seized drugs, prosecutors in Pennsylvania announced Monday that it had issued a warrant for the arrest of the vessel.

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«The seizure of such a large vessel is complicated and unprecedented, but it’s a logical step, because the circumstances here are unprecedented, — said the Prosecutor William Macswain. -When the ship gives a huge amount of deadly drugs in water Philadelphia, we will do everything we can to protect our city and our country.»

Casey durst, Director of CBP field operation in Baltimore, said that the arrest of a vessel of this size is an unusual enforcement action for CBP.

«It indicates a serious suspicion of conspiracy crew members and other persons for smuggling a record quantity of hazardous drugs across the United States,» said durst.

The ship was on its way to Northern Europe when she came into the Philadelphia port. With the exception of containers arrested by the authorities of the United States, all other goods sent to the destination on other ships.