The BBC reports...........
A new economy has developed both within Somalia and further afield, as security companies, lawyers and negotiators reap huge profits from their involvement.
But finding out what happens to the money delivered as ransom payments is doubly difficult, first because piracy is a transnational crime, and second because Somalia is a country without rules, regulations or a functioning government.
There have been various reports that piracy in Somalia is attracting big-time criminals from all over the world; that it is being orchestrated from London; that the ship owners themselves are involved.....................
Although there is no universal set of rules, a UN report based on information gathered from pirates based in the north-eastern village of Eyl, reveals some interesting information about how the ransom spoils are divided:
• Maritime militia, pirates involved in actual hijacking - 30%
• Ground militia (armed groups who control the territory where the pirates are based) - 10%
• Local community (elders and local officials) - 10%
• Financier - 20%
• Sponsor - 30%
The UN report found the payments are shared virtually equally between the maritime militia, although the first pirate to board the ship gets a double share or a vehicle.
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