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.



Families of Israeli Detainees Accuse Netanyahu of Misleading Trump to Evade Hostage Deal

US President Donald Trump (left) and Israeli Prime Minister Benjamin Netanyahu shake hands at the Israel Museum in Jerusalem, Tuesday, May 23, 2017. (AP)
US President Donald Trump (left) and Israeli Prime Minister Benjamin Netanyahu shake hands at the Israel Museum in Jerusalem, Tuesday, May 23, 2017. (AP)
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Families of Israeli Detainees Accuse Netanyahu of Misleading Trump to Evade Hostage Deal

US President Donald Trump (left) and Israeli Prime Minister Benjamin Netanyahu shake hands at the Israel Museum in Jerusalem, Tuesday, May 23, 2017. (AP)
US President Donald Trump (left) and Israeli Prime Minister Benjamin Netanyahu shake hands at the Israel Museum in Jerusalem, Tuesday, May 23, 2017. (AP)

Families of Israeli captives held in the Gaza Strip accused on Monday Prime Minister Benjamin Netanyahu and his government of presenting to US President-elect Donald Trump misleading information about the fate of the prisoners to evade a hostage deal under US pressure.

This came after reports issued last week said Trump did not know that half of the Israeli detainees held by Hamas in the Gaza Strip were alive.

Israel's Channel 13 said Monday that while the US and Israel are focused on negotiations to end the war in Lebanon, the file of Israeli prisoners in Gaza remains stalled amid declining efforts to conclude a deal.

“This situation angers the families and drives them crazy; they see that the government, which has turned its back on the prisoners' file for 416 days, is working with all its might to prevent a deal with Hamas despite knowing fully well that this means threatening the lives of the prisoners,” the channel said.

Sources close to Trump confirmed to the channel his interest in the prisoners' case.

However, they added, Tel Aviv is telling the upcoming administration that most of the prisoners were killed in order to evade concluding a hostage deal with Hamas, under US pressure, after the inauguration of the new administration on January 20.

The channel said that at the Mar-a-Lago resort in Florida, some compared Trump to President Ronald Reagan, who ended the Iran hostage crisis after taking power in 1981.

It added that during his election campaign, Trump repeatedly said that Hamas' attacks on Israel would “never have happened” if he were president. He had also promised to release the hostages in Gaza.

An official close to President Isaac Herzog had earlier revealed that Trump did not know about the fate of the Israeli captives.

The official said that when Herzog called to congratulate Trump on his election, he heard the President-elect say that the abductees had been killed while in Hamas captivity.

To Trump’s surprise, Herzog replied that more than half were still alive.

Therefore, the Israelis concluded that Netanyahu misled Trump by telling him that most of the captives were dead.

“I can confirm, based on sources I speak with, that Israeli government officials are informing Trump and his team that the majority of the hostages were killed,” said the father of a captured soldier, Rubi Chen.

He said the government is using this approach to reduce any potential pressure from the Trump administration on Israel to reach a hostage deal.

Gil Dickmann, cousin of Carmel Gat who was taken hostage by Hamas on October 7 and killed in captivity, wrote on X, “Who is spreading these lies? Who convinces Trump that the hostages are dead? Instead of returning everyone quickly, dead or alive, you waited until the hostages were killed in captivity, and now you lie and say that most of them are dead to justify abandoning them again.”

At a press conference marking one year since the hostage deal that brought 81 Israeli citizens and 24 foreign nationals home, released hostage Raz Ben Ami, said, “if they could only manage to understand what it is to be in subhuman conditions in the tunnels, surrounded by terrorists for 54 days – there is no way they would let the hostages stay there for 415 days.

Earlier, Israeli Democratic Party leader Yair Golan warned that Netanyahu's government is trying to reach a settlement in the north to foil a deal with Hamas in Gaza.