Somali piracy flourishes into lucrative business: experts

Michel Moutot
Agence France Presse
November 12, 2010
Somali pirates have set up a sophisticated network of agents to negotiate and launder ransom money that has turned the seizing of ships into a lucrative business, experts say.
The sea pirates use the financial hub of Dubai and Somalia’s southern neighbour Kenya as key transit points to launder the millions [...]