20 tons of cocaine found on vessel owned by JP Morgan Chase

Approximately 20 tons of cocaine, one of the largest drug busts in US history, was found aboard the MSC Gayane, a liberian registered vessel owned by a fund managed by JP Morgan Chase

Authorities in the US State of Philadelphia had seized 20 tons of cocaine from a vessel in June this year. The ship is owned by a fund run by Mega Bank JP Morgan Chase according to a CNN Business report.

The report claims that a source close to the situation informed CNN on Wednesday that the ship ,MSC Gayane, is part of a transportation strategy fund run for the bank’s asset management unit.

The report further explains that this means JP Morgan Chase had no operational management of the Vessel which is run by the Swiss-based Mediterranean Shipping Company.

JP Morgan Chase is the largest bank in the US and the world’s sixth largest bank according to S&P global.


Read Full Story

Disclaimer: The comments on this page do not necessarily reflect the views of DominicaNewsOnline.com/Duravision Inc. All comments are approved by DominicaNewsOnline.com before they are posted. We never censor based on political or ideological points of view, but we do try to maintain a sensible balance between free speech and responsible moderating.

We will delete comments that:

  • violate or infringe the rights of any person, are defamatory or harassing or include personal attacks
  • are abusive, profane or offensive
  • contain material which violates or encourages others to violate any applicable law
  • promote hatred of any kind
  • refer to people arrested or charged with a crime as though they had been found guilty
  • contain links to "chain letters", pornographic or obscene movies or graphic images
  • are excessively long and off-message

See our full comment/user policy/agreement.


  1. Man bites dogs
    July 14, 2019

    I would like to know what Mr Francisco, has to say about this one? After all two weeks ago he had a lot to say about Pm Skerrit and Dominica when French War ship stop two good for nothing Dominicans trying to smuggle cocaine into Dominica, come on Francisco have your say by the way Francisco did you know that your country America, is one of the most currupt countries in the world number 20 but rightful place should be 194 waiting to be updated.

  2. Kalinago Justice
    July 13, 2019

    :?: I think I’m old and experienced enough to know that most if not all those who run things in this world both economically and administratively are the most evil! As a matter of fact, they represent the devil! All of these organisations and institutions became wealthy by one way or the other via illegal, immoral and criminal means! From slave trade and forced labour to prostitution, killings, gangster and mobster,drug trafficking and the likes. Most of these people never worked honestly, they’ve used the less fortunate with exploitation to become wealthy! For now, criminals run the world!!!

  3. Bob Denis
    July 11, 2019

    The real evil doers wear jacket and tie, they ride in fancy cars , own private islands and jet planes. They, in some cases own Prime Ministers, members of His/Her cabinet including the Commissioner of Police. Much will not be heard of this episode, no one will be held accountable. but Caribbean penal institutions are filled to the brim with underdeveloped young black women and males, while the to big to touch walks away . Jp Morgan Chase have evolved from being a top participant in human trading to MAGA Bank, compared to slavery, this is small change.

  4. Magway ca
    July 11, 2019

    But that doesn’t mean nothing at all so a drug man decided to ship his drugs. How does that make the company that owns the ship at fault ? Are they also at fault if the Chinese send some cheap shoes to the states is the shoes now the property of up Morgan? Who ever owns a container ship is not the owner of the cargo shipped on it. It is like saying because a bus driver carry your groceries from town to possie the groceries now belongs to him.

  5. Gouvelma
    July 11, 2019

    Wow! That’s a hard one. However being the consumate political figure I am I could not leave it without making reference to something political. Isn’t that comparable to the thirtyfive (35) Haitians caught on a boat owned by a Dominica Labor Party stallwart off the coast of Guadeloupe being smuggled to Dominica so they can register and vote to keep the DLP in power? The only difference is the per capitalize and population.

  6. Hedda
    July 11, 2019

    They maybe we’ll carrying drugs on our port .. that DLP administration maybe taking full advatage off that

    • Are U Serious?????
      July 11, 2019

      ?????? JCP Morgan Chase drug bust…..what does that have to do with DLP… U guys are just so damn silly

Post a Comment

Your email address will not be published. Required fields are marked *

:) :-D :wink: :( 8-O :lol: :-| :cry: 8) :-? :-P :-x :?: :oops: :twisted: :mrgreen: more »

 characters available