Ransom Paid for Oil Workers in Nigeria

In December 2012, South Korean company Hyundai Heavy Industries reportedly paid $192,100 in ransom to release six workers who had been kidnapped and held hostage. The leader of the kidnapping gang told the police that he used his share of the ransom to purchase electronic devices such as DVD players. Kidnapping for ransom is a… Continue reading Ransom Paid for Oil Workers in Nigeria

Armored Car Sales in Mexico

There were 3,102 armored vehicles sold in Mexico in 2012, according to the Mexican Automotive Armour Association. 70 percent of the purchases of armored vehicles were made by the private sector, and 30 percent of vehicles were purchased by government security agencies. The number of protected vehicles sold was up 10 percent from the amount… Continue reading Armored Car Sales in Mexico

Al Qaeda Profits from Kidnapping

Islamist Militants are believed to have earned $120 Million between 2002 and 2012, according to a United States Treasury Official. Al Qaeda in the Islamic Maghreb (AQIM) alone is estimated to have made tens of millions of dollars in ransom payments.