Malik Riaz to provide ransom for crew release

Malik Riaz to provide ransom for crew release

Islamabad: (Tuesday, May 15, 2012) The renowned real estate tycoon and Chairman of Bahria Town Malik Riaz has agreed to pay the remaining amount needed to release the crew of MV Albedo. According to the sources, Riaz has decided
to come forward to help the hostages of Somali pirates on directives of President Asif Zardari.

As per the news, president Zardari was moved by the appeals from the family members of the crew which were broadcasted on various television channels. Taking notice of the situation, the president directed minister for Interior
Rehman Malik to do the needful to secure the release of the hostages.

It has been over a year since 23 crew members on board the MV Albedo were taken hostage by Somali Pirates.

The Somali pirates had initially demanded $ 8 million to release the captives, but after several rounds of negotiations the amount was brought down to $ 2.85 million.

The deadline set by the pirates was May 15, 2012.

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Posted by Fayyaz Yaseen on May 15 2012. Filed under Pakistan. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry