Somali pirates earn $170m in ransoms
23 February 2012, 17:52
New York - The United Nations said on Wednesday that Somali pirates
received about $170m in ransoms in 2011, up from $110m in 2010, with
some of the money channelled into the world's legal financial system.
average ransom demanded to free a ship and crew stood at $5m and $10m
for a tanker, the UN Office on Drug and Crime (UNODC) told the UN
Security Council during a debate on piracy off the coast of Somalia.
executive director Yuri Fedotov said the laundering of ransom money had
caused steep price increases in the Horn of Africa and surrounding
Fedotov said he was not aware of any ideological link
between pirates and Somalia's al-Shabaab insurgents, who were reported
to have aligned themselves with al-Qaeda. The insurgents have been
fighting the internationally backed government in Mogadishu.
which works with countries fighting piracy, said there are currently
1,116 young Somali men being prosecuted for piracy by courts in 20
countries around the world. He said another 688 pirates are being
prosecuted in African countries like Kenya, Somalia, Seychelles,
Tanzania and Mauritius.