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    Home > Headlines > Greece arrests three over cocaine-loaded ship seized by Spain in 2023
    Headlines

    Greece arrests three over cocaine-loaded ship seized by Spain in 2023

    Published by Global Banking & Finance Review®

    Posted on July 17, 2025

    2 min read

    Last updated: January 22, 2026

    Greece arrests three over cocaine-loaded ship seized by Spain in 2023 - Headlines news and analysis from Global Banking & Finance Review
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    Tags:insuranceFinancial crimeMoney launderinginvestmentfinancial services

    Quick Summary

    Greece arrested three people linked to a cocaine-loaded ship seized by Spain, carrying over 4.5 tons of cocaine from Latin America.

    Greece Detains Three Individuals Linked to Cocaine Ship Seized by Spain

    ATHENS (Reuters) -Greece has arrested three people linked with a cargo ship seized by Spanish authorities off the Canary Islands in 2023 for carrying more than 4.5 tons of cocaine from Latin America to Europe, three people close to the investigation said on Thursday.

    The then Greek-operated, Togo-flagged vessel Blume, which had left from Brazil, had declared a 200 tonne cargo of coffee, far below its actual capacity, raising suspicion.

    On January 18, 2023, Spanish authorities raided the ship, confiscated the drugs worth hundreds of millions of dollars, arrested its entire crew and took the vessel to the port of Santa Cruz on the island of Tenerife.

    The three people detained this week by the Greek coast guard, following an investigation with the anti-money laundering unit, are believed to be linked to the vessel's Greece-based operator, Dignatio Corp, two officials from both units told Reuters.

    The suspects, who have initially denied wrongdoing, will appear before a prosecutor to respond to the charges in the coming days, according to a third source.

    Dignatio Corp could not be reached for comment.

    In 2023, six days after the interception of Blume, Spanish authorities seized a second Togo-flagged vessel, the cattle ship Orion V, off the Canary Islands, for transporting a similar amount of cocaine. The investigation was assisted by the U.S. Drug Enforcement Administration and Togo police.

    ($1 = 0.8591 euros)

    (Reporting by Yannis Souliotis, writing by Renee MaltezouEditing by Tomasz Janowski)

    Key Takeaways

    • •Greece arrested three individuals linked to a cocaine-loaded ship.
    • •The ship was seized by Spanish authorities off the Canary Islands.
    • •The vessel was carrying over 4.5 tons of cocaine.
    • •The ship's operator, Dignatio Corp, is under investigation.
    • •The operation involved international law enforcement cooperation.

    Frequently Asked Questions about Greece arrests three over cocaine-loaded ship seized by Spain in 2023

    1What was the cargo of the ship Blume?

    The ship Blume had declared a cargo of 200 tonnes of coffee, which was far below its actual capacity.

    2When did Spanish authorities seize the ship?

    Spanish authorities raided the ship on January 18, 2023, confiscating over 4.5 tons of cocaine.

    3Who were the suspects arrested in Greece?

    Three individuals linked to the Greece-based operator Dignatio Corp were arrested by the Greek coast guard.

    4What is the value of the cocaine confiscated?

    The cocaine confiscated from the ship was worth hundreds of millions of dollars.

    5What happened to the crew of the ship Blume?

    The entire crew of the ship was arrested during the raid by Spanish authorities.

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