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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...

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Source: independent.co.uk