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.



Pro-Palestinian NGOs Sue Dutch Gov't over Israel Support

A Palestinian flag is removed from a building by Israeli authorities after being put up by an advocacy group that promotes coexistence between Palestinians and Israelis, in Ramat Gan, Israel, Wednesday, June 1, 2022. (AP)
A Palestinian flag is removed from a building by Israeli authorities after being put up by an advocacy group that promotes coexistence between Palestinians and Israelis, in Ramat Gan, Israel, Wednesday, June 1, 2022. (AP)
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Pro-Palestinian NGOs Sue Dutch Gov't over Israel Support

A Palestinian flag is removed from a building by Israeli authorities after being put up by an advocacy group that promotes coexistence between Palestinians and Israelis, in Ramat Gan, Israel, Wednesday, June 1, 2022. (AP)
A Palestinian flag is removed from a building by Israeli authorities after being put up by an advocacy group that promotes coexistence between Palestinians and Israelis, in Ramat Gan, Israel, Wednesday, June 1, 2022. (AP)

Pro-Palestinian groups took the Dutch state to court Friday, urging a halt to arms exports to Israel and accusing the government of failing to prevent what they termed a genocide in Gaza.

The NGOs argued that Israel is breaking international law in Gaza and the West Bank, invoking, amongst others, the 1948 United Nations Genocide Convention set up in the wake of the Holocaust.

"Israel is guilty of genocide and apartheid" and "is using Dutch weapons to wage war", said Wout Albers, a lawyer representing the NGOs.

"Dutch weapons are killing children, every day, in Palestine, including my family," said Ahmed Abofoul, a legal advisor to Al Haq, one of the groups involved in the suit, AFP reported.

Israel furiously denies accusations of genocide as it presses on with the offensive in Gaza it began after the October 7, 2023, Hamas attack on Israel.

Opening the case at the court in The Hague, judge Sonja Hoekstra noted: "It is important to underline that the gravity of the situation in Gaza is not contested by the Dutch State, nor is the status of the West Bank."

"Today is about finding out what is legally in play and what can be expected of the State, if the State can be expected to do more, or act differently than it is currently acting," she added.

She acknowledged this was a "sensitive case", saying: "It's a whole legal debate."

The lawyer for the Dutch State, Reimer Veldhuis, said the Netherlands has been applying European laws in force for arms exports.

Veldhuis argued the case should be tossed out.

"It is unlikely that the minister responsible will grant an arms export licence to Israel that would contribute to the Israeli army's activities in Gaza or the West Bank," said Veldhuis.