Ransom Earnings for Pirates in 2011

in Transnational Crime

Pirates in Somalia earned around $170 Million in ransom payments in 2011, according to the United Nations Office on Drugs and Crime. In 2010, the pirates made $110 Million.

The UNODC reported that 1,116 Somali men face criminal trials in 20 countries for piracy.

Source:  “Ransom money laundered by pirates affects stability in the Horn of Africa, says UNODC chief,” United Nations Office on Drugs and Crime, February 22, 2012.

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