Billionaire paid ransom to pirates

A Ukrainian business magnate paid a ransom to secure the release of 20 crewmen held on their ship by Somali pirates for five months, his office said yesterday. The office of Viktor Pinchuk, who runs a variety of businesses from industrial pipes to media and engages in a wide range of philanthropic activities, did not say how much was paid in exchange for the release last month of the crew of the Faina. It gave no details of conditions attached to the deal to free the vessel and its cargo of 33 Soviet-era T-72 tanks and other weapons after long negotiations off Africa's east coast. "Viktor Pinchuk did, in fact, provide the sum required to secure the release of the sailors being held hostage aboard the Faina," his press office said in a statement. It quoted Pinchuk as saying: "No one in Ukraine was indifferent to the fate of our sailors. The hijacking of the Faina was a challenge to the whole country."The pirates released the ship after receiving a ransom initially estimated at $3.2 million from the ship's owners. Ukrainian media later said the sum was about $4 million. The Faina's Russian captain died in the first days of the hijacking. Representatives of the ship's owners said talks complicated by differences among the pirates.
Pinchuk, the son-in-law of former President Leonid Kuchma, owns Interpipe, Ukraine's largest producer of pipes, as well as television channels and other businesses. He engages in high-profile charitable works, running a modern art gallery in Kiev and bringing to Ukraine well-known artists to perform at free open-air concerts. ..more..http://www.independent.co.uk/news/world/europe/billionaire-paid-ransom-to-pirates-1636019.html