LTTE has huge profits: report

The London-based Jane’s Intelligence Review says the LTTE has not only created one of the “most sophisticated insurgencies in the world” but also has an annual “profit margin” of $200 to $300 m illion.

A report released on Wednesday says the Tigers have succeeded in establishing one of the sophisticated insurgency networks, largely due to a complex global network of financial resources and weapons that are integral to prolonging its campaign for a separate Tamil state.

In a rare report on the LTTE’s financial operations, Jane’s reports that with financial and procurement structures well organised and strategically positioned around the globe, the group has a profit margin that would be the envy of any multinational corporation.

The report details two overarching financial and procurement bodies that provide the main source of LTTE money, manpower and weapons: the Aiyanna Group and the Office of Overseas Purchases (nicknamed the KP Department).

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