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Enforcement: Medicines Cartel

Enforcement: Medicines Cartel

Colombia - 2013/10/27

October 27, 2013 -

October 28, 2013 -

The counterfeit pharmaceutical trade in Colombia could be as profitable as the illegal drugs market, according to Colombia's customs chief, illustrating how organized crime groups are taking advantage of a growing global enterprise thought to be worth billions of dollars. In the last year and a half, Colombian authorities have seized more than five million units of counterfeit drugs intended for resale, worth a total of more than $2 million. Profit margins were between 500 and 1,000 percent, making the trade potentially as lucrative as selling illicit drugs.