20 tons of cocaine found on JPMorgan Chase cargo ship
FILE--This file photo from June 18, 2019 shows the MSC Gayane container ship on the Delaware River in Philadelphia. Customs authorities announced on Monday, July 8, 2019 they have seized the cargo ship where agents discovered nearly 40,000 pounds, or almost 18,000 kilograms, of cocaine when the vessel was inspected in Philadelphia last month. (AP Photo/Matt Rourke, File)
PHILADELPHIA (CNN) — Authorities in Philadelphia have seized a JPMorgan Chase-owned cargo vessel with reportedly 20 tons of cocaine on board.
The banking giants don’t have operational control of the MSC Gayane which is run by the Swiss-based Mediterranean Shipping Company.
Law enforcement agents boarded the ship in June and discovered the drugs, an amount worth almost $1.3 billion.
The bank has yet to comment.