News articles on Black Market Activities

Somalia Piracy funding insurgency

Pirates off the coast of Somalia are using their ransom payment to fund an Islamist insurgency  on land.

From Reuters:

n explosion of piracy this month off the coast of Somalia is funding a growing insurgency onshore as the hijackers funnel hefty ransom payments to Islamist rebels, a maritime official said on Sunday.

A record four ships were seized in 48 hours last week off the anarchic Horn of Africa nation, meaning Somali pirates are currently holding hostage four cargo vessels, two tankers and a tug boat, along with about 130 crew members.

The spike in attacks at sea has coincided with a rise in assaults on land by radical al-Shabaab insurgents, including the capture on Friday of Somalia’s strategic southern port Kismayu.

The United States say al-Shabaab is a terrorist group with close ties to al Qaeda. Experts say some of the businessmen and warlords who command the pirates are also funding the rebels.

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Date
August 26th, 2008

Author
havocscope


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