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: Hypersonic Missile Strike on Ukraine Was a Warning to 'Reckless' West

Russian President Vladimir Putin makes a televised address, dedicated to a military conflict in Ukraine and in particular to Russia's launch of a hypersonic intermediate-range ballistic missile attack on a military facility in response to recent Ukrainian long-range strikes with Western weapons, in Moscow, Russia November 21, 2024. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS
Russian President Vladimir Putin makes a televised address, dedicated to a military conflict in Ukraine and in particular to Russia's launch of a hypersonic intermediate-range ballistic missile attack on a military facility in response to recent Ukrainian long-range strikes with Western weapons, in Moscow, Russia November 21, 2024. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS
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Russia: Hypersonic Missile Strike on Ukraine Was a Warning to 'Reckless' West

Russian President Vladimir Putin makes a televised address, dedicated to a military conflict in Ukraine and in particular to Russia's launch of a hypersonic intermediate-range ballistic missile attack on a military facility in response to recent Ukrainian long-range strikes with Western weapons, in Moscow, Russia November 21, 2024. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS
Russian President Vladimir Putin makes a televised address, dedicated to a military conflict in Ukraine and in particular to Russia's launch of a hypersonic intermediate-range ballistic missile attack on a military facility in response to recent Ukrainian long-range strikes with Western weapons, in Moscow, Russia November 21, 2024. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS

The Kremlin said on Friday that a strike on Ukraine using a newly developed hypersonic ballistic missile was designed as a message to the West that Moscow will respond to their "reckless" decisions and actions in support of Ukraine.
Kremlin spokesman Dmitry Peskov was speaking a day after President Vladimir Putin said Moscow had fired the new missile - the Oreshnik or Hazel Tree - at a Ukrainian military facility.
"The main message is that the reckless decisions and actions of Western countries that produce missiles, supply them to Ukraine and subsequently participate in strikes on Russian territory cannot remain without a reaction from the Russian side," Peskov told reporters.
"The Russian side has clearly demonstrated its capabilities, and the contours of further retaliatory actions in the event that our concerns are not taken into account have been quite clearly outlined,” Reuters quoted him as saying.
Peskov said Russia had not been obliged to warn the United States about the strike, but had informed the US 30 minutes before the launch anyway.
President Vladimir Putin remained open to dialogue, Peskov said, but he said the outgoing administration of US President Joe Biden "prefers to continue down the path of escalation".
Putin said on Thursday that Russia had fired the new missile after Ukraine, with approval from the Biden administration, struck Russia with six US-made ATACMS missiles on Tuesday and with British Storm Shadow cruise missiles and US-made HIMARS on Thursday.
He said this meant that the Ukraine war had now "acquired elements of a global character".
Ukrainian President Volodymyr Zelenskiy has said Russia's use of the new missile amounted to "a clear and severe escalation" in the war and called for strong worldwide condemnation.