Author Topic: $1 billion dollar drug bust in Australia  (Read 552 times)

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Offline rangerrebew

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$1 billion dollar drug bust in Australia
« on: February 15, 2016, 08:36:44 AM »

    $1 billion dollar drug bust in Australia

    By Juliet Perry, CNN
    Updated 11:19 PM ET, Sun February 14, 2016

    Australian customs discovered around 190 liters of methylamphetamine hidden inside thousands of stick on gel bras.

    Story highlights

        Four charged over the importation and manufacture of 720 liters of methylamphetamine
        Drug was seized from a shipment bra inserts and art supplies

    (CNN)Australian police have seized $1 billion Australian dollars' worth of the drug "ice" from a shipment of silicon bra inserts and art supplies, the country's federal police said, worth approximately US$700 million.

    According to authorities, the bust is one of the biggest in Australia's history, and the largest seizure of liquid methylamphetamine ever.

    "This has resulted in 3.6 million individual hits of ice being taken off our streets," said Federal Justice Minister Michael Keenan.

    A shipment of silicon bra implants, concealing the drug 'ice'.

    Four people have been charged over the haul, which included 720 liters of the drug, the Australian Federal Police said Monday.

    Australian customs first discovered around 190 liters of the drug hidden inside thousands of stick on gel bras in a shipment from Hong Kong in December of last year.

    Delivery of the shipment was tracked to a storage facility where a Hong Kong national was arrested.

    Authorities have since arrested one Chinese national and two further Hong Kong nationals in relation to the importation and manufacture of the drug.

    'Organized offshore criminal gangs'

    Officers stand by a display of confiscated drugs in Sydney.

    "This is a result of organized criminals targeting the lucrative Australian ice market from offshore," said Keenan.

    "Whilst Australians continue to have such an appetite for this mind destroying drug, organized criminal gangs will continue to target the Australian market."

    He added that as well as local agencies, the operation had been informed by the Chinese Narcotic Control Commission, as part of a task force set up specifically to try and combat the international ice smuggling market.

    Australian Crime Commission NSW State Manager Warren Gray said that joint operations such as this one have a pivotal role to play in the fight against methylamphetamine.

    "Methylamphetamine poses -- by far -- the greatest threat to the Australian public of all illicit drug types, and by a significant margin," he said.

    He added that all charges could result in life imprisonment.
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Offline Free Vulcan

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Re: $1 billion dollar drug bust in Australia
« Reply #1 on: February 15, 2016, 12:19:56 PM »
Sounds like the criminals were incompetent boobs.

Offline truth_seeker

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Re: $1 billion dollar drug bust in Australia
« Reply #2 on: February 15, 2016, 12:47:58 PM »
A great illustration of economic principles; In this case supply and demand.

Where there is a demand, there will arise a supply at a price which satisfies demand, and yields a handsome profit as well.

The math here might be off. If $1 billion is the value of 95 * 2 liter soda bottles, each 2 liter soda bottle of meth is worth over $10 million

($1,000,000,000 / 95) = $10.5 million

I have no basis to believe of not believe that kind of money is involved. If even close it explains the incentive to take risks in that market for that commodity.
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