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.



German Foreign Minister Assures Kyiv of Support on Visit Ahead of US Vote

04 November 2024, Ukraine, Kyiv: A screenshot from a video shows German Foreign Minister Annalena Baerbock arriving in Ukraine and being welcomed by German Ambassador in Kyiv Martin Jaeger. (Jörg Blank/dpa)
04 November 2024, Ukraine, Kyiv: A screenshot from a video shows German Foreign Minister Annalena Baerbock arriving in Ukraine and being welcomed by German Ambassador in Kyiv Martin Jaeger. (Jörg Blank/dpa)
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German Foreign Minister Assures Kyiv of Support on Visit Ahead of US Vote

04 November 2024, Ukraine, Kyiv: A screenshot from a video shows German Foreign Minister Annalena Baerbock arriving in Ukraine and being welcomed by German Ambassador in Kyiv Martin Jaeger. (Jörg Blank/dpa)
04 November 2024, Ukraine, Kyiv: A screenshot from a video shows German Foreign Minister Annalena Baerbock arriving in Ukraine and being welcomed by German Ambassador in Kyiv Martin Jaeger. (Jörg Blank/dpa)

German Foreign Minister Annalena Baerbock arrived in Kyiv on Monday pledging Berlin's continued backing for Ukraine, amid disquiet over the future of Washington's support as the US election looms.

Baerbock said Ukraine, facing its third winter of war, needs support to ensure its very survival as North Korea's military involvement and Russian airstrikes on civilian infrastructure exacerbate the conflict.

Her visit comes on the eve of the US presidential election, in which a win for Republican candidate Donald Trump could cast doubt on future support from Ukraine's top military backer.

"We are countering this brutality with our humanity and support, so that Ukrainians can not only survive the winter, but so that their country can survive. Because they are also defending the freedom of all of us in Europe," said Baerbock, embarking on her eighth visit to Ukraine.

Germany has emerged as Ukraine's top donor of military aid in Europe and has closely coordinated its support with Washington.

However, if Trump beats Democrat Kamala Harris in Tuesday's election, this close coordination could falter. Trump has criticized the level of US support for Kyiv and declined to say he wants Ukraine to win the war, which he says he would end quickly by pushing for a negotiated settlement.

The German foreign minister, who was last in Ukraine in May, is due to meet Ukrainian President Volodymyr Zelenskiy and Foreign Minister Andrii Sybiha while in the capital.

Baerbock said Germany had recently extended its emergency energy aid to Ukraine by an extra 170 million euros ($185 million) in response to bombed-out heating plants and power lines.

Since August, Russia has intensified its attacks on Ukraine, in what Kyiv officials say is Moscow's attempt to destroy critical infrastructure needed for heating during winter.

Russia will have to pay for the billions of euros in damage it has caused, said Baerbock, but until that happens, the Group of Seven (G7) will support Kyiv with some $50 billion in loans.

Under incumbent President Joe Biden, the US finalised its $20-billion portion of that amount with a pledge to pay it out in December, timing meant to shield the loan funds from a potential claw-back from Trump.