How Pirates Help Mideast Businessmen Launder Millions

The Independent:

Organised piracy syndicates operating in Dubai and other Gulf states are laundering vast sums of money taken in ransom from vessels hijacked off the Horn of Africa.

Investigators hired by the shipping industry have told The Independent that around $80m (£56m) has been paid out in the past year alone -- far more than has previously been admitted. But while some of this money has ended up in the pirate havens of Somalia, millions have been laundered through bank accounts in the United Arab Emirates and other parts of the Middle East.

Read the whole story: The Independent

Comments

[sueinmn]

08:50 AM on 04/21/2009

All the more reason to follow the money trail and shut them down. Sinks their mother ships for starters!

[VictorLudorum]

12:45 AM on 04/21/2009

'The free world' is the adocate of official corruption and the three internatio­nal trade wars' drugs' poverty' weapons'''­''''''''''­''''''''''­''''''''''­''''''

[TJCole]

12:09 AM on 04/21/2009

Argh, the scurvy bastards..­.

[Ping]

11:35 PM on 04/20/2009

So where are the lame-a-zoi­ds who claim the pirates are just poor fishermen?

[Panskeptic]

10:40 PM on 04/20/2009

Just waiting for The Independen­t to blame it all on Israel. They always do. Just a matter of time......

[donklinestiver]

08:58 PM on 04/20/2009

They have declared war on the free world we should return the favor and sink all their mother ships

[petphotos]

02:46 AM on 04/21/2009

And then napalm their hideouts.