Somali Pirates Made $50 Million in 2008 From Ransom Payments

in Transnational Crime

The Somali Pirates who hold ships for ransom off the coast of Somalia are reported to have made up to 50 million dollars last year in ransom payments.  According to a report in the Washington Post, those pirates who are able to get paid are living a life of luxury in the poverty stricken country.

From the Washington Post:

Locals say that onshore, the pirates are attended to by prostitutes, nurses, bodyguards and men who procure and deliver their precious khat, a mildly narcotic leaf chewed for its stimulant effects.

 Post, April 20,2009.

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