Word: ransoms
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...particular, despite owning 9.5% of Mediobanca, clearly isn't on the team anymore; it's lined up with Fiat in the Montedison bid. Cuccia's death at 92 a year ago - followed by a grotesque episode in which his corpse was stolen in a failed attempt to extract ransom - may have weakened the bank's backroom clout. Mediobanca managing director Vincenzo Maranghi, whatever his virtues, hasn't acquired his late boss's godlike mystique. Enter the French. In May, the state electric utility Electricité de France (EDF) picked up 20% of the shares in Montedison. That position seemed...
Vacation in Bangladesh? you're kidding, right? The name is synonymous with every kind of disaster, from fatal floods and endemic disease to violent strikes, crushing poverty and?an extra recent thrill?rebels who kidnap foreigners for ransom. A local writer once said Bangladesh was a place where no one should ever have lived. He was only half joking. This is not a destination for relaxation, pampering or guided tours of picture-perfect settings. Leave that for Bali or the Bahamas. The country used to sell itself with the rather telling slogan: "Come to Bangladesh before the tourists." This...
...last week. A powerful Abu Sayyaf commander named Ghalib Andang from Jolo island is negotiating his surrender, presidential sources said on Friday. Commander Robot (as Andang is commonly known) carried out a kidnapping on a Sipadan island diving resort in Malaysia last April, netting more than $425 million in ransom from European nations, Libya and Malaysia. Robot's surrender won't necessarily help the current hostages, who are being held by a different faction, but it means the Basilan-based rebels can no longer count on reinforcements?or on an easy escape route to other islands. If Commander Robot does...
...holding firm. Arroyo, say her advisers, wants to keep Abu Sayyaf on the run. The last time the group took hostages from a tourist resort?21 were seized in April last year on Sipadan, a famous diving site on the Malaysian coast?they collected an estimated $25 million in ransom. But even before the Sipadan raid, the name Abu Sayyaf raised alarm among Western intelligence agencies. Abu Sayyaf kept surfacing in connection with various plots by Islamic terrorist Ramzi Ahmed Yousef, now serving a life sentence for the 1993 World Trade Center bombing in New York City. Both Yousef...
...Sulu islands, is led by Galib Andang, nicknamed Commander Robot for the mechanical way he dances. Addicted to shabu (methamphetamines) and married to at least two of his female ex-kidnap victims, Andang directed the Sipadan raid. He is also known to be generous: so much of the Sipadan ransom spilled over onto his native island Jolo that the dollar fell among local traders from 50 pesos to 25. Another Sulu island commander is Raddulan Sahirun. In his 60s, Raddulan wears two revolvers around his waist like a fast-draw artist, even though he is missing an arm. Manila Security...