Somali pirates net $170m in ransoms

2012-02-23 10:52
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.

The 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.

UNODC's executive director Yuri Fedotov said the laundering of ransom money had caused steep price increases in the Horn of Africa and surrounding regions.

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.

UNODC, 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.

- SAPA
Read more on:    somalia  |  east africa  |  somali pirates
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
SPONSORED CONTENT
5 crucial questions to ask before you take that job 2014-10-30 08:00

You choose your employer just as much as they choose you. Here are 5 of the most important things you should find out about a company before you sign up.

/News
 

10 facts about swimming you didn't know

This will make you want to jump right into the pool.

 
 

Where were you when you last felt alive?

Snors with a cause - creating awareness of male health
Inspiring: Rock climbing with just one leg
Watch! Skateboarders racing cyclists
Exciting new zipline for Cape Town!

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Save up to R2100 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

TV Series – 2 for R299

Loads of hot titles to choose from. Shop now!

Hot offer: Up to 50% off irons

Save up to 50% on all Philips irons. While stocks last. Shop now!

Seen something you like in our catalogue?

Find the perfect gift and save up to R5000 – As seen on the catalogue. Hurry and shop now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

You may be doing the work and playing the game, but your innovative mind is on a far away planet planning the next big thing....read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.