Revenue to face PAC as cost of seized drug ship MV Matthew in Cork nears €11m

Revenue faces PAC scrutiny after spending almost €11m maintaining the seized drug trafficking vessel MV Matthew, still docked in Cork

The Revenue Commissioners are now expected before the Public Accounts Committee (PAC) as early as next month, as costs have spiralled to almost €10.9m to maintain drug trafficking ship the MV Matthew with no sale finalised and no timeline for its disposal.

The cargo ship, which was seized in 2023, is costing the State €110,000 per week to manage and maintain in Cork, Revenue estimates.