What an interesting case; I'll have to follow this one.
Of course it can't be terrorists, because terrorists claim responsibility after a bomb has exploded.
The demand for $5 million is a smokescreen. Any person or group who can successfully plant a dozen (so they claim) "relatively sophisticated" 2-kg ammonium nitrate devices just wants to see if they can do it; they are more interested in outwitting the government than money, or they would have demanded a bigger ransom. Besides, the bomb planters know (or should know) that the French government will have a way of tracking the money no matter where they go or what they do with it, so being given a case full of money is useless.
"AZF" is probably also nothing. Either 1) the letters mean something only to those who planted the devices (an inside joke) or 2) they were chosen at random. If, as in the previous paragraph, these people want to see if they can get away with something they would have given their group's full name, to maximize potential publicity.
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Everything may be explained by a conspiracy theory. All conspiracy theories are true.
No matter how thinly you slice it, it's still bologna.
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