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Stock impact report

Germany Seizes 35 Tonnes Of Cocaine In Biggest Ever Busts By AFP - Agence France Presse June 17, 2024 Order Reprints Print Article [Barron's]

PORSCHE AUTOMBL UNSP/ADR (POAHY) 
NASDAQ:AMEX Investor Relations: porsche-se.com/en/investor-relations
Company Research Source: Barrons
Around 24.5 tonnes were seized in Hamburg, a further eight tonnes in the Dutch port of Rotterdam and three tonnes in Guayaquil in Ecuador, German authorities said. The drugs were found in nine shipping containers stashed between crates of fruit and other legal goods between April and September last year, the authorities added. German investigators were alerted to the illegal trade by a tip-off from Colombian authorities. Working with Europol in an operation known as "OP Plexus", they identified eight main suspects: two Germans, two Turks and others from Azerbaijan, Bulgaria, Morocco and Ukraine. Seven of the suspects were arrested during raids across Germany in late May and early June this year, the investigators said. Together with other as yet unidentified accomplices thought to be based in Turkey, they are accused of setting up dozens of fake companies to smuggle the cocaine from South America. Police seized several mobile phones and laptops as well as gold bars, 23,30 Show less Read more
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