Profit Generated By Al Qaeda in the Islamic Maghreb From Kidnapping

Kidnapping for ransom by the Al-Qaeda in the Islamic Maghreb, an Algerian based off-shoot of Al-Qaeda, generated $80 Million between 2008 and 2011, according to a military official.

Some ransoms for kidnapped hostages were reported to be as high as $2 million.

Source: Associated Press, “Turn To Abductions Shows Al-Qaida’s Cash Squeeze,” NPR News, June 19, 2011.