Monday, January 12, 2009

Ransom Payments: The Hole In Somali Pirates' Net

A handout photo from the US Navy shows Somali pirates at sea

From AFP:

NAIROBI (AFP) — From parachuted bundles of dollar bills to suitcases of cash transiting through east African capitals, there are many ways to deliver ransoms to Somalia's modern-day buccaneers.

The payment of the ransom is the most critical time in the hijacking of a ship, the single moment when the pirates are at their most vulnerable.

When the giant Saudi tanker Sirius Star was released on Friday, the eight-week hijacking ended disastrously for some of the pirates, when their boat sank on the way back to shore, drowning six and taking their share of the ransom with it.

"The small boat was overloaded and going too fast... The survivors told us they were afraid some foreign navies would attempt to catch them," the leader of pirate group, Mohammed Said, told AFP.

Read more ....

My Comment: Money on the table always makes people's behavior change for the worse. For the Somali pirates .... they are exhibiting a so typical human reaction.

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