Wednesday, July 30, 2014
Europe Funds al-Qaeda...Really
Paying Ransoms, Europe Bankrolls Qaeda Terror - Rukmini Callimachi
Kidnapping Europeans for ransom has become a global business for al-Qaeda, bankrolling its operations across the globe. While European governments deny paying ransoms, an investigation by the New York Times found that al-Qaeda and its direct affiliates have taken in at least $125 million in revenue from kidnappings since 2008, of which $66 million was paid just last year.
The U.S. Treasury Department has cited ransom amounts that total $165 million over the same period.
Counterterrorism officials now believe al-Qaeda finances the bulk of its recruitment, training and arms purchases from ransoms paid to free Europeans, making Europe the inadvertent underwriter of al-Qaeda.
(New York Times)