Monday, September 17, 2012

Taliban rasied $400mn last year: UN


UNITED NATIONS: The Taliban raised about $400 million last year from sources that included donations, taxing local economies and extorting money from such targets as drug dealers, cell phone operators and aid projects, according to a U.N. report on the militant Islamist group released on Tuesday.

The report to the U.N. Security Council by the sanctions monitoring team said that about $275 million of that income reached Taliban leadership and the rest was collected, spent or misappropriated at the local level.

"The team understands Taliban funding as follows: revenue raised from taxing the local economy serves primarily to support local operations and is only in a few cases channeled upwards," the report said.

"Revenue extorted from nation-wide enterprises such as narcotics producers and traffickers, construction and trucking companies, mobile telephone operators, mining companies and aid and development projects goes to the Taliban Financial Commission which answers to the Taliban leadership," it said.

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