BreakingNews.ie·3 min read·medium
Shipping company acquires MV Matthew for $1
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By Cillian Sherlock, Press Association
✦AI Summary
The Irish Revenue agency has transferred the seized drug-smuggling vessel MV Matthew to a new owner for a nominal fee of $1. The ship, which was involved in a record-breaking cocaine seizure in 2023, had been a significant financial burden for the state during its long detention for legal and regulatory purposes.
A seized drug-smuggling cargo ship which cost the State millions to store was transferred to a company for a "nominal" fee of $1, Revenue has said.
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