An Irish TD suggests the state should seek EU support to cover the €17 million spent on maintaining the MV Matthew, a drug-smuggling vessel recently sold for $1 after its seizure.
The seized drug-smuggling vessel, MV Matthew, which had cost the Irish State approximately €17 million to maintain, has been sold to a shipping company for a symbolic price of just $1.
The MV Matthews, a drug ship seized three years ago in a €157 million cocaine bust, has finally departed Ireland, with the state facing a multi-million Euro loss due to storage, maintenance, and crewing costs exceeding €15 million.
The drug ship MV Matthew has departed Cork, Ireland, 1,000 days after its seizure in September 2023, leaving behind millions of euros in state expenditure and unanswered questions.
The MV Matthew freighter, central to Ireland's largest-ever cocaine seizure and berthed in Cork Harbour since September 2023, has finally departed for a Dutch scrapyard after three years and €16 million in costs.
The cargo vessel MV Matthew, which was involved in Ireland's largest-ever cocaine seizure and has been berthed in Cork Harbour since September 2023, is finally leaving today for a scrapyard in the Netherlands.
The MV Matthew, a vessel boarded by Army Rangers in 2023 leading to a €157 million cocaine seizure, is set to depart Cork after incurring €16 million in berthing, crew, and maintenance fees for the Irish State.
The State is facing a potential major financial loss on the cocaine ship MV Matthew, as storage costs could reach €15 million before the vessel is eventually scrapped, with maintenance and operational costs mounting since 2023.