140 Kilos of Cocaine Busted in Coclé
Thursday, September 20 2012 @ 04:23 PM UTC
Contributed by: Don Winner
Editor's Comment: Cool. They obviously had this guy under surveillance from the time he left Panama City. But they decided to bust him in the province of Coclé, and as a result he will be tried under the new "accusatory" system which is much, much faster. In Panama City, those detained on drug charges can sit in prison for two years or more, awaiting trial. It looks like under the new system this dude will be done in a few weeks. Light speed, by comparison. And, getting caught red handed with 140 kilos of cocaine in the back of your pickup truck helps to speed things along somewhat.
What's It Worth: I was talking to a guy in La Joya recently who got busted for international drug trafficking. He says a kilo of cocaine in Panama City costs about $4,500 so these 140 kilos have a value - here - of $630,000. But in the United States they can be sold for $26,000 each for a US wholesale value of $3.64 million.