NEW YORK -- The United Nations yesterday said that Somali pirates received about $170 million in ransoms in 2011, up from $110 million in 2010, with some of the money channeled into the world's legal financial system.
The average ransom demanded to free a ship and crew stood at $5 million and $10 million for a tanker, the UN Office on Drug and Crime (UNODC) told the UN Security Council during a debate on piracy off the coast of Somalia.
UNODC's executive director Yuri Fedotov said the
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