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TheGladiator

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: November 19, 2008, 10:02:53 PM

"The Daily Beast" is quickly becoming the best, balanced news and opinion site that I've seen in quite some time.  They have exclusive content and linked/posted content from other sources.  Check this report out on the pirates:

Who's Funding the Pirates

by Gerald Posner


http://www.thedailybeast.com/blogs-and-stories/2008-11-19/whos-funding-the-pirates/



Western intelligence has been tracking the flow of ransom money—and the trail leads to Dubai.

The Somali pirates who hijacked a Saudi tanker in the Indian Ocean this week will likely rake in their biggest ever ransom. The oil on the tanker, the largest ship ever taken, is more than a quarter of Saudi Arabia’s daily output, worth $100 million. But tracing that ransom payout may also begin to unravel the complex banking arrangements, originating in Dubai, that have allowed pirate groups to collect as much as $30 million this year.

The pirates are now holding nearly 150 hostages from at least nine vessels from Malaysia, Thailand, Japan, Germany, Nigeria, Iran, and Saudi Arabia. Just last week, a record four ships were seized in one 48-hour period, including a 26,000-ton Iranian cargo carrier.

...continued....

cyberdude557

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#1 : November 19, 2008, 10:16:01 PM


Well we support pirates every week...

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