|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Uruguay

Spanish Company Buys Seized Drug Ship at Auction in Uruguay

MONTEVIDEO – A Panamanian-flagged fishing vessel seized by Uruguay after authorities found more than a ton of cocaine on board was sold at auction to a Spanish company for $100,000.

The money “will be used, as provided by law, for prevention, treatment and social re-insertion of troubled drug users and for the agencies involved in the seizure,” said Elena Lagomarsino, head of the Uruguayan National Drug Board’s Seizure Fund.

“We have a fleet operating in different areas around the world and the idea is to have this ship operating here (in Montevideo),” said Jorge Etchart, who represents food services company Grupo Amaro in Uruguay.

The vessel was auctioned two years after it was intercepted with 1.4 tons of cocaine on board.

“It is an asset under court proceedings and there is no final sentence, but under Law 18.494 the auction can proceed to prevent deterioration and depreciation of its value, which also eases administrative issues and port management,” Lagomarsino said.

This is the third drug-smuggling vessel auctioned in Uruguay.

“There is a message here for organizations dedicated to illicit trafficking and asset laundering, and it is that we will go after the means and the assets resulting from those activities,” she said.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved