Southeast Asia ‘Ice’ market worth US$60 billion a year, says UN report | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Southeast Asia ‘Ice’ market worth US$60 billion a year, says UN report

SOUTHEAST Asia’s drug gangs are making over US$60 billion a year pumping out record amounts of methamphetamine, then laundering the profits through the region’s mushrooming number of casinos, a UN study showed today.

” safe, conservative estimate of over US$60 billion a year,” is being hoovered up by the meth lords of southeast Asia alone, Jeremy Douglas, the UNODC’s regional representative, told reporters in Bangkok at the report’s launch. Outlaw motorcycle gangs from Australia and New Zealand are getting in on the act, moving massive shipments from southeast Asia to their domestic markets, where the price surges, the “Transnational Organised Crime in Southeast Asia: Evolution, Growth and Impact” study added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines