Israel Reveals Secret Iranian Gold Smuggling Trade to Finance Hezbollah

Israeli Defense Minister Yoav Gallant
Israeli Defense Minister Yoav Gallant
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Israel Reveals Secret Iranian Gold Smuggling Trade to Finance Hezbollah

Israeli Defense Minister Yoav Gallant
Israeli Defense Minister Yoav Gallant

Israeli Defense Minister Yoav Gallant recently issued an order to uncover a gold smuggling operation between Iran and Venezuela that is funding Lebanon’s Hezbollah terror activity, bypassing sanctions.

In a signed document, the Minister revealed that dozens of kilograms of gold were smuggled on an Iranian Mahan Air flight, which is subject to US sanctions, from Venezuela to Europe and Syria. The funds from the smuggled gold were transferred to Hezbollah.

It said the smuggling ring was uncovered during a joint effort between the National Bureau for Counter Terror Financing of Israel (NBCTF) and the Defense Ministry, along with the Israel Police and the Tax Authority.

The document published the names of a number of figures involved in the smuggling operation, mainly Badr Ad-Din Naimi Musawi, an Iranian businessman who owns two real estate companies registered in Britain, “Lotus Universal” and “Strattonview Properties Limited”, and the international trade company “Trading Acs” registered in Dubai.

Musawi is also a key player in the Iranian efforts to use several Latin American countries as intermediaries to evade sanctions on its oil exports and financial transactions, the document noted.

It also mentioned the name of Hamid Evranjad, the CEO of Mahan Air, who is also part of an effort by Iran to strengthen ties in South America and ultimately use those ties to bolster its own terrorist activity.

Also part of this gold trade scheme are high-ranking Hezbollah officials, including Ali Kasir, the representative of Hezbollah's Economic Affairs Ministry in Tehran, as well as Mohammad Kasir, the head of Hezbollah's logistics unit who dealt with the transfer of funds after the gold had been turned into cash.

“Iran sells oil to Venezuela to evade US, European and international sanctions. The price of oil is paid in gold,” the Israeli Minister’s document said.

The Iranian Revolutionary Guards’ Quds Force and Hezbollah then smuggle the gold from Venezuela to Iran to finance the activities of Tehran-backed militias in Lebanon, it added.

After the gold reaches Iran, it is transferred to currency in Türkiye, and perhaps other countries in Eastern Europe, as well as in Syria. The funds resulting from the deal are then sent to the Lebanese Hezbollah party.

The Israelis estimate the profit generated from this gold trade scheme at millions of dollars.

The Minister’s order came after an Iranian plane was detained in Argentina in mid-2022 on suspicion of also transporting gold.

The plane was registered under the commercial name of Emtrasur, a Venezuelan state-owned company. However, the plane was owned by Mahan Air of Iran, which the US government has sanctioned. It was granted to Venezuela for evading sanctions.

The plane made at least six trips between Caracas and Tehran, and between Moscow and Tehran in the winter and spring of 2022.

In June, a Washington court had transmitted a request to Argentine authorities to confiscate the cargo plane.



Russia’s Medvedev Warns the US: Avoid World War Three

 Deputy Chairman of the Russian Security Council and leader of the United Russia party Dmitry Medvedev speaks during a meeting of the United Russia party's programme commission via videoconference at the Gorki state residence outside Moscow, Russia, Friday, Nov. 1, 2024. (Ekaterina Shtukina, Sputnik Pool Photo via AP)
Deputy Chairman of the Russian Security Council and leader of the United Russia party Dmitry Medvedev speaks during a meeting of the United Russia party's programme commission via videoconference at the Gorki state residence outside Moscow, Russia, Friday, Nov. 1, 2024. (Ekaterina Shtukina, Sputnik Pool Photo via AP)
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Russia’s Medvedev Warns the US: Avoid World War Three

 Deputy Chairman of the Russian Security Council and leader of the United Russia party Dmitry Medvedev speaks during a meeting of the United Russia party's programme commission via videoconference at the Gorki state residence outside Moscow, Russia, Friday, Nov. 1, 2024. (Ekaterina Shtukina, Sputnik Pool Photo via AP)
Deputy Chairman of the Russian Security Council and leader of the United Russia party Dmitry Medvedev speaks during a meeting of the United Russia party's programme commission via videoconference at the Gorki state residence outside Moscow, Russia, Friday, Nov. 1, 2024. (Ekaterina Shtukina, Sputnik Pool Photo via AP)

Dmitry Medvedev, a senior Russian security official who served as Russia's president from 2008 to 2012, warned the United States on Saturday to take Russia's nuclear warnings seriously to avoid World War Three.

Medvedev, who serves as deputy chairman of Russia's powerful security council, told RT broadcaster that top US officials did not want World War Three but for some reason they believe "that the Russians will never cross a certain line."

"They are wrong," Medvedev told RT, adding that Moscow believed the current US and European political establishments lacked the "foresight and subtlety of mind" displayed by the late Henry Kissinger.

"If we are talking about the existence of our state, as the president of our country has repeatedly said, your humble servant has said, others have said, of course, we simply will not have any choice," Medvedev said.

The 2-1/2-year-old war in Ukraine is entering what Russian officials say is its most dangerous phase as Russian forces are advancing in eastern Ukraine and the West considers how to shore up Ukraine.

Russia has been signaling for weeks to the West that Moscow will respond if the United States and its allies help Ukraine fire longer-range missiles deep into Russia, while NATO says that North Korea has sent troops to western Russia.

Russian officials say the leaders of the West have failed to heed the signals Moscow has sent over European security and the escalation of the war in Ukraine.

US diplomats say the relationship with Russia is worse than at any time since the depths of the Cold War but that Washington does not seek to escalate the war in Ukraine.