Tuesday April 21, 2009
Pirates: the $80m Gulf connection
Kim Sengupta and Daniel Howden
independent
Crime syndicates laundering vast sums taken in ransom from ships and their crews hijacked in Horn of Africa
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.
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