Pirates' share of loot - just 1-2.5%

[WASHINGTON] Pirates off the Horn of Africa pocket as little as one to 2.5 per cent of ransom money collected, which they tend to spend on alcohol, expensive cars and prostitutes, while financiers keep as much as three-quarters of the loot.

A 129-page joint report by the World Bank, Interpol and the United...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to