The ship seized in the 20 ton cocaine bust at the Port of Philadelphia from June is reportedly owned by JP Morgan Chase.
The ship, which was carrying around $1.3 billion worth of cocaine, was seized as part of the bust. The banking company does not have operational control of the MSC Gayane, which is run by the Swiss-based Mediterranean shipping company.
The ship was not seized until the Fourth of July. The ship was en route to northern Europe at the time of the seizure.