The MV Matthew And The 500 Million Dollars Worth Of White Gold (7/16/24)
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The MV Matthew And The 500 Million Dollars Worth Of White Gold (7/16/24)
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Description
Recently, a major cocaine bust off the Irish coast led to the seizure of 2.2 tonnes of cocaine valued at approximately €500 million. The operation, which involved the Irish Army...
show moreThe Kinahan Cartel, a prominent Irish crime syndicate, is believed to have been significantly involved in financing this massive cocaine shipment. Gardaí assert that the Kinahan Cartel, known for its expertise in financing and money laundering, collaborated with other European crime gangs to fund the cocaine purchase from the Colombian-based El Clan Del Golfo cartel. The drugs were intended for distribution across Europe, although some were destined for the Irish market.
During the operation, the MV Matthew attempted to evade capture but was ultimately intercepted by the Irish Naval Service. The ship was escorted to Cork, where authorities discovered the hidden cocaine. The interdiction has been considered one of the largest drug seizures in Ireland's history and dealt a significant financial blow to the criminal organizations involved.
The cartel's involvement underscores its continued influence in international drug trafficking, despite recent law enforcement efforts that have resulted in numerous arrests and ongoing investigations into its leadership.
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source:
Kinahan cartel involved in funding of cocaine haul seized by Army Ranger Wing off Irish coast - Irish Mirror Online
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