More than half a ton of cocaine was discovered hidden in a shipment of coffee beans at a Nespresso plant in Switzerland
- Police in Switzerland seized over half a ton of
cocainethat was found hidden in a coffee shipment. Nestleworkers at a Nespressoplant alerted authorities to the presence of a mysterious powder.
Swiss police said Thursday they have seized more than 500 kilograms (1,100 pounds) of cocaine that was concealed inside a shipment of coffee beans.
Workers at a Nespresso plant — the subsidiary that makes Nestle's coffee capsules — alerted authorities on Monday to the presence of the mysterious white powder that was discovered when they were unloading bags of beans from Brazil.
"The entire shipment was blocked and seized by the police as part of their investigation," Nespresso said in an emailed statement to Insider.
"The substance in question did not come into contact with any of our products or production equipment used to make our products. As a police investigation is underway, we cannot share more details," the company added.
Police analyzed the powder and said it was 80% pure, and destined for the European market with an estimated street value of $50 million, according to Agence France-Presse.
Transactions in the physical commodities markets, like coffee, can be extremely difficult to trace, according to Bloomberg commodities expert Javier Bias.
"If you are trading on the financial market, you are buying oil futures or options, all of those trades are registered somewhere. There is a trade repository," he said in a recent Odd Lots podcast.
"On the physical market, you could buy oil, metals, agricultural commodities, and you do not have to disclose anything," he added.
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