Navy Seize £240m Worth Of Coke.

#1
Royal Navy In Record £240m Cocaine Bust
12:06am UK, Monday September 28, 2009

The Royal Navy has made its largest ever seizure of cocaine with a haul worth more than £240m, it can be revealed.

HMS Iron Duke seized more than five and a half tonnes of the drug in an operation off the coast of South America.
Clicky

Bet someone is crying theirself to sleep.
 

Biped

LE
Book Reviewer
#3
Loverly job. Rather than crying themselves to sleep - I wonder if someone's going to be sleeping with the fishies . . .
 
#5
"With a street value of £240 million" which is once its been cut and bagged down to 5% cocaine, so how much was the actual value of drugs seized as in purchase cost to the cartel ?
 
#7
vvaannmmaann said:
I hope they also confiscated the smuggler's Ipods.
It'll all end in tears.
 
#8
If I were the crew of the Iron Duke, I'd keep very quiet about it - £250 Million buys a lot of p!ssed off people, and they are not known for forgiveness.
 
#9
Couldn't the govt sell it on?

Maybe they will,Gordon is on medication, remember the scene in Scarface with Al Pacino?
 
#11
mnairb said:
If I were the crew of the Iron Duke, I'd keep very quiet about it - £250 Million buys a lot of p!ssed off people, and they are not known for forgiveness.
Why? you think the drug smugglers boss will break out the outrage bus and pop a cap in the Captains ass!
 
#12
CH5120 - Stranger things have happened, what better way to make sure the security forces 'look the other way' than intimidating crews or their families.

However, the flip side to the coin is that if coke wasn't seen to be a 'fashionable' drug in certain well heeled circles, there would be no need to produce so much and the trade would wither on the vine. The US spends Billions trying to stop the production and trade of coke while it is a 'must have' item in many society parties - on both sides of the pond.
 
#13
So that's the third lot captured during the deployment?

Good to see positive comments, as opposed to the nagative comments about it being a drop in the ocean on this thread, even when the drugs captured East of Suex have been proven to be linked to the Taliban....
 
#15
mon_colonel said:
"With a street value of £240 million" which is once its been cut and bagged down to 5% cocaine, so how much was the actual value of drugs seized as in purchase cost to the cartel ?
You and I know they don't bash it down quite that much.

Several tonnes is certainly a notable seizure. Not really because of the amount but because of the links that any offenders/forensic evidence will have to locating further hauls.

Stand by for a couple of similar results soon if the investigation is well managed!
 
#16
Closet_Jibber said:
mon_colonel said:
"With a street value of £240 million" which is once its been cut and bagged down to 5% cocaine, so how much was the actual value of drugs seized as in purchase cost to the cartel ?
You and I know they don't bash it down quite that much.

Several tonnes is certainly a notable seizure. Not really because of the amount but because of the links that any offenders/forensic evidence will have to locating further hauls.

Stand by for a couple of similar results soon if the investigation is well managed!
So how do the police estimate "street value" and why not just give its normal cost price from source
 
#17
mon_colonel said:
Closet_Jibber said:
mon_colonel said:
"With a street value of £240 million" which is once its been cut and bagged down to 5% cocaine, so how much was the actual value of drugs seized as in purchase cost to the cartel ?
You and I know they don't bash it down quite that much.

Several tonnes is certainly a notable seizure. Not really because of the amount but because of the links that any offenders/forensic evidence will have to locating further hauls.

Stand by for a couple of similar results soon if the investigation is well managed!
So how do the police estimate "street value" and why not just give its normal cost price from source
I don't know - Ask the press!

I personally never estimate value. I just weigh/measure it and send it off for analysis unless its small enough to justify a field test. (No not licking my pinky and giving my gums a rub :D )
 
#18
Closet_Jibber said:
mon_colonel said:
Closet_Jibber said:
mon_colonel said:
"With a street value of £240 million" which is once its been cut and bagged down to 5% cocaine, so how much was the actual value of drugs seized as in purchase cost to the cartel ?
You and I know they don't bash it down quite that much.

Several tonnes is certainly a notable seizure. Not really because of the amount but because of the links that any offenders/forensic evidence will have to locating further hauls.

Stand by for a couple of similar results soon if the investigation is well managed!
So how do the police estimate "street value" and why not just give its normal cost price from source
I don't know - Ask the press!

I personally never estimate value. I just weigh/measure it and send it off for analysis unless its small enough to justify a field test. (No not licking my pinky and giving my gums a rub :D )
The cost price according to the FBI is $2,000 a kilo from source at wholesale so a seizure of 5 1/2 tonnes would cost $11 million a long long way from £240 million, still I don't spose it makes for good press eh.
 
#19
mon_colonel said:
Closet_Jibber said:
mon_colonel said:
"With a street value of £240 million" which is once its been cut and bagged down to 5% cocaine, so how much was the actual value of drugs seized as in purchase cost to the cartel ?
You and I know they don't bash it down quite that much.

Several tonnes is certainly a notable seizure. Not really because of the amount but because of the links that any offenders/forensic evidence will have to locating further hauls.

Stand by for a couple of similar results soon if the investigation is well managed!
So how do the police estimate "street value" and why not just give its normal cost price from source

£40-50/gram, 1-10% purity at street level, go from there. I'm sure they have a formula. IBut, as mon_colonel said, the actual trade value to the cartels and immediate shippers is not very big at all. It's well within acceptable loses.
 
#20
mon_colonel said:
Closet_Jibber said:
mon_colonel said:
Closet_Jibber said:
mon_colonel said:
"With a street value of £240 million" which is once its been cut and bagged down to 5% cocaine, so how much was the actual value of drugs seized as in purchase cost to the cartel ?
You and I know they don't bash it down quite that much.

Several tonnes is certainly a notable seizure. Not really because of the amount but because of the links that any offenders/forensic evidence will have to locating further hauls.

Stand by for a couple of similar results soon if the investigation is well managed!
So how do the police estimate "street value" and why not just give its normal cost price from source
I don't know - Ask the press!

I personally never estimate value. I just weigh/measure it and send it off for analysis unless its small enough to justify a field test. (No not licking my pinky and giving my gums a rub :D )
The cost price according to the FBI is $2,000 a kilo from source at wholesale so a seizure of 5 1/2 tonnes would cost $11 million a long long way from £240 million, still I don't spose it makes for good press eh.
I reckon its worth more than that at source. Infact I know it is. Not drastically more but atleast double the figures you've quoted.

What is noticable is this was obviously considered to be a safe route and was a well sourced means of moving the goods. The fact that the boat, the route, the crew and the goods are no lost is a bigger effect. Add this to anything found on the drugs/packaging that links it back to the source and its been a good day out for all involved.

Well done to the Royal Navy in its efforts to keep that filthy sh1te off our streets!
 

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