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.



Iran’s Supreme Leader Threatens Israel and US with ‘Crushing Response’ over Israeli Attack

 In this photo released by an official website of the Office of the Iranian Supreme Leader, Supreme Leader Ali Khamenei waves to the crowd during a meeting with school and university students, in Tehran, Iran, Saturday, Nov. 2, 2024. (Office of the Iranian Supreme Leader via AP)
In this photo released by an official website of the Office of the Iranian Supreme Leader, Supreme Leader Ali Khamenei waves to the crowd during a meeting with school and university students, in Tehran, Iran, Saturday, Nov. 2, 2024. (Office of the Iranian Supreme Leader via AP)
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Iran’s Supreme Leader Threatens Israel and US with ‘Crushing Response’ over Israeli Attack

 In this photo released by an official website of the Office of the Iranian Supreme Leader, Supreme Leader Ali Khamenei waves to the crowd during a meeting with school and university students, in Tehran, Iran, Saturday, Nov. 2, 2024. (Office of the Iranian Supreme Leader via AP)
In this photo released by an official website of the Office of the Iranian Supreme Leader, Supreme Leader Ali Khamenei waves to the crowd during a meeting with school and university students, in Tehran, Iran, Saturday, Nov. 2, 2024. (Office of the Iranian Supreme Leader via AP)

Iran's supreme leader on Saturday threatened Israel and the US with “a crushing response” over attacks on Iran and its allies.

Ali Khamenei spoke as Iranian officials are increasingly threatening to launch yet another strike against Israel after its Oct. 26 attack on the country that targeted military bases and other locations and killed at least five people.

Any further attacks from either side could engulf the wider Middle East, already teetering over the Israel-Hamas war in the Gaza Strip and Israel’s ground invasion of Lebanon, into a wider regional conflict just ahead of the US presidential election this Tuesday.

“The enemies, whether the Zionist regime or the United States of America, will definitely receive a crushing response to what they are doing to Iran and the Iranian nation and to the resistance front," Khamenei said in video released by Iranian state media.

The supreme leader did not elaborate on the timing of the threatened attack, nor the scope. The US military operates throughout the Middle East, with some troops now manning a Terminal High Altitude Area Defense, or THAAD, battery in Israel.

The 85-year-old Khamenei had struck a more cautious approach in earlier remarks, saying officials would weigh Iran’s response and that Israel’s attack “should not be exaggerated nor downplayed.”

But efforts by Iran to downplay the attack faltered as satellite photos analyzed by The Associated Press showed attacks damaged military bases near Tehran linked to the country's ballistic missile program, as well as damage at a Revolutionary Guard base used in satellite launches.

Iran's allies, called the “Axis of Resistance” by Tehran, also have been severely hurt by ongoing Israeli attacks, particularly Lebanon's Hezbollah and Hamas in the Gaza Strip. Iran long has used those groups as both an asymmetrical way to attack Israel and as a shield against a direct assault. Some analysts believe those groups want Iran to do more to back them militarily.

Iran, however, has been dealing with its own problems at home, as its economy struggles under the weight of international sanctions and it has faced years of widespread, multiple protests.

Gen. Mohammad Ali Naini, a spokesman for Iran's paramilitary Revolutionary Guard which controls the ballistic missiles needed to target Israel, gave an interview published by the semiofficial Fars news agency just before Khamenei's remarks were released. In it, he warned Iran's response "will be wise, powerful and beyond the enemy’s comprehension.”

“The leaders of the Zionist regime should look out from the windows of their bedrooms and protect their criminal pilots within their small territory,” he warned.

Khamenei on Saturday met with university students to mark Students Day, which commemorates a Nov. 4, 1978, incident in which Iranian soldiers opened fire on students protesting the rule of the shah at Tehran University. The shooting killed and wounded several students and further escalated the tensions consuming Iran at the time that eventually led to the shah fleeing the country and the 1979 revolution.

The crowd offered a raucous welcome to Khamenei, chanting: “The blood in our veins is a gift to our leader!” Some also made a hand gesture — similar to a “timeout” signal — given by the slain Hezbollah leader Hassan Nasrallah in 2020 in a speech in which he threatened that American troops who arrived in the Mideast standing up would “return in coffins” horizontally.