Greek-Cypriot billionaire arrested for possession of £1 million of cannabis

He was released after paying a cash bail of USD$30,000

A Greek-Cypriot billionaire has been detained on the Caribbean Island of St. Kitts after a search of his private jet yielded approximately £1 million of cannabis totalling approximately 5,000 plants, an unknown number of seeds and a variety other cannabis products.

Alkiviades “Alki” David, 50, was arrested by the Anti-Narcotics Unit at the Robert L. Bradshaw International Airport. He has been charged with Possession with Intent to Supply, Possession of Controlled Drugs and Importation of a Controlled Drug into the Federation after his plane was stopped by customs authorities.

David is a member of the Leventis family, who run the biggest commercial bottling facilities in Europe after a merger with beverage behemoth Coca-Cola bumped the family’s net worth to approximately £4.6 billion. David himself is estimated to be worth £2.6 billion.

David was released after paying a cash bail of approximately USD$30,000 and is due to make another appearance at Basseterre Magistrate Court on May 14. In the meantime, he must surrender all travel documents in his possession and report daily to the Frigate Bay Police Station.