Monday, May 02, 2005

High interest loans

How Al-Qaeda bankrolls terror in Pakistan

A recent security operation in Pakistan has unveiled interesting details about Al-Qaeda's funding of its operatives.

A recent security operation in the lawless tribal zones of Pakistan resulted not only in the arrest of several militants linked to Al-Qaeda, but also revealed the terrorist network's ability to channel funds from one place to another and maintain a pension system for its cadres. Counter-terrorism officials in Pakistan said they learned about the financial dealings of Osama bin Laden's network when they arrested two Alegerian militants in the Pakistani city of Peshawar in April.

According to officials, Al-Qaeda runs a sophisticated network for transferring money where and when it is required for various operations, as well as for payment of its operatives.

For example, when Pakistani authorities initiated a dialogue with tribesmen in South Waziristan several months ago in an effort to restore peace in the tribal areas, local tribesmen told them that they had obtained huge loans from the terrorist group and had no option but to offer its members shelter or to work for its interests in the region.

Loan sharking. It should have been obvious.

No comments: