British police to launch Seychelles pirate hunting base
Britain to boost its fight against Somali piracy Britain is to boost its fight against Somali piracy by creating a new intelligence cell with the job of tracking the multi-million dollar money flows generated by buccaneering "kingpins".Ministers plan to despatch officers from the Serious and Organised Crime Agency to staff a new Indian Ocean unit dedicated to hunting pirate financiers, who provide start-up cash for gangs in return for the lion's share of ransom proceeds.A financier who offers as little $10,000 to equip a gang with skiffs, fuel and guns can easily expect a return of 10 or 20 times his money in the event of a successful hijacking.But while such profits are now believed to run into tens of millions of dollars a year, relatively little is known about exactly where the cash ends up, beyond a widespread acknowledgement that it makes the gangs ever more powerful, and may also line the pockets of Somalia's al-Shabaab Islamist movement."Pirate financiers are the kingpins of piracy," said Henry Bellingham, Foreign Office minister for Africa, who will announce details of the new centre in a speech to the Chamber of Shipping in London on Wednesday. "Effectively targeting them will have a huge ...
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