Between US$339 million and US$413 million was taken in ransom from the hijacking of ships off the coast of Somalia and the Horn of Africa between 2005 and 2012, according to a report released today. The study – carried out by the World Bank, the United Nations Office on Drugs and Crime (UNODC) and INTERPOL – reveals that much of the ransom money was used to fuel a wide range of criminal activities on a global scale.The report:
“Pirate Trails” – using data and evidence from interviews with former pirates, government officials, bankers and others involved in countering piracy – investigates the flow of ransom money paid out to Somali pirates operating in the Indian Ocean. The study examines the reach of the pirates into the stimulant “khat” trade, human trafficking and other illegal activities that hinder development.
Pirate Trails: Report by the World Bank, UNODC and Interpol on the ill-gotten money of sea pirates off the...
UPDATE: Why, yes, the post headline does read like something Ron Burgundy would say . . .