Police Confiscate ISK Million in Alleged Drug Profits Skip to content

Police Confiscate ISK Million in Alleged Drug Profits

Police believe a recent discovery of GBP 8,545 (ISK 1.3 million, USD 17,000, EUR 11,000) in cash, found during a house search on Bifröst University campus in rural west Iceland, is either profits from drug sale or funding for drug import.

Police also discovered 0.3 grams of cocaine in the same student apartment, Fréttabladid reports.

The sheriff in Borgarnes has requested unlimited access to information about the finances of the student who lived in the apartment where the drugs and cash was found. Both the District Court and Supreme Court denied the sheriff’s request, but the student has been suspended from Bifröst University.

After the police raid in late February, in which a numerous team of police and customs officers participated, a school mate of the suspended student told Borgarnes police that he was the owner of the cocaine. A third student claimed he had borrowed the GBP in cash to the student accused of trafficking drugs.

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