Fake oranges filled with Captagon pills that were discovered by Lebanese customs officers in a shipment of real fruit at Beirut port. AFP
Fake oranges filled with Captagon pills that were discovered by Lebanese customs officers in a shipment of real fruit at Beirut port. AFP
Fake oranges filled with Captagon pills that were discovered by Lebanese customs officers in a shipment of real fruit at Beirut port. AFP
Fake oranges filled with Captagon pills that were discovered by Lebanese customs officers in a shipment of real fruit at Beirut port. AFP

Captagon pills hidden in fake oranges seized in Lebanon


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Lebanese customs officers found millions of Captagon pills hidden in fake oranges, the latest haul of the drug.

Interior Minister Bassam Mawlawi said the officers found nearly nine million Captagon tablets at Beirut port in a shipment scheduled for a Gulf state.

The Customs Directorate said several people were arrested in connection with the smuggling attempt, Lebanon's National News Agency reported.

Lebanon's Interior Minister Bassan Mawlawi inspects fake oranges filled with Captagon pills that were discovered in a shipment of fruit at Beirut port on December 29, 2021. AFP
Lebanon's Interior Minister Bassan Mawlawi inspects fake oranges filled with Captagon pills that were discovered in a shipment of fruit at Beirut port on December 29, 2021. AFP

A customs officer told AFP the cargo was en route to Kuwait.

The tablets were placed in small bags hidden in fake oranges within a consignment of real fruit.

An investigation has been opened to determine the source of the Captagon, an amphetamine-type stimulant manufactured mostly in Lebanon and Syria.

Lebanon, which is suffering political paralysis and economic crisis, has stepped up its efforts to thwart Captagon trafficking through its ports following criticism from Gulf countries about a lack of co-operation.

This was the second haul of Captagon hidden in fruit in a week.

On December 23, Dubai police said they arrested four men "of Arab nationality" for trying to smuggle millions of dollars worth of Captagon into the UAE.

The more than one million pills were concealed in plastic lemons among a shipment of real lemons.

  • The Captagon pills were hidden inside plastic lemons. Photo: Dubai Police
    The Captagon pills were hidden inside plastic lemons. Photo: Dubai Police
  • The shipment was then concealed in a consignment of real lemons. Photo: Dubai Police
    The shipment was then concealed in a consignment of real lemons. Photo: Dubai Police
  • The shipment had an estimated street value of $15.8 million. Photo: Dubai Police
    The shipment had an estimated street value of $15.8 million. Photo: Dubai Police
  • Dubai Customs at the Hatta border foiled an attempt to smuggle 14.5kg of Captagon into the emirate. Photo: Dubai Customs
    Dubai Customs at the Hatta border foiled an attempt to smuggle 14.5kg of Captagon into the emirate. Photo: Dubai Customs

In April, Saudi Arabia suspended fruit and vegetable imports from Lebanon after more than five million Captagon pills concealed in fruit were confiscated.

Captagon is a brand name for the amphetamine-type stimulant fenethylline.

According to a European Union-funded report by the Centre for Operational Analysis and Research, "Captagon exports from Syria reached a market value of at least $3.46 billion" in 2020.

In November, the Syrian Army said it found half a tonne of Captagon hidden in a spaghetti shipment.

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Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: January 26, 2022, 8:38 AM