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.



South Korea and EU Condemn North Korea’s Reported Troop Dispatch to Russia

 In this photo provided by South Korea Defense Ministry, South Korean Defense Minister Kim Yong Hyun, left, and European Union foreign policy chief Josep Borrell, right, pose for a photo at the Defense Ministry, in Seoul, South Korea, Monday, Nov. 4, 2024. (South Korea Defense Ministry via AP)
In this photo provided by South Korea Defense Ministry, South Korean Defense Minister Kim Yong Hyun, left, and European Union foreign policy chief Josep Borrell, right, pose for a photo at the Defense Ministry, in Seoul, South Korea, Monday, Nov. 4, 2024. (South Korea Defense Ministry via AP)
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South Korea and EU Condemn North Korea’s Reported Troop Dispatch to Russia

 In this photo provided by South Korea Defense Ministry, South Korean Defense Minister Kim Yong Hyun, left, and European Union foreign policy chief Josep Borrell, right, pose for a photo at the Defense Ministry, in Seoul, South Korea, Monday, Nov. 4, 2024. (South Korea Defense Ministry via AP)
In this photo provided by South Korea Defense Ministry, South Korean Defense Minister Kim Yong Hyun, left, and European Union foreign policy chief Josep Borrell, right, pose for a photo at the Defense Ministry, in Seoul, South Korea, Monday, Nov. 4, 2024. (South Korea Defense Ministry via AP)

Top South Korean and European Union officials on Monday strongly condemned North Korea’s reported troop dispatch to aid Russia’s war against Ukraine and agreed to work together to try to block deepening military cooperation between Moscow and Pyongyang.

North Korea’s alleged troop deployment threatens to expand the almost 3-year-long war and is causing security jitters in South Korea, where many worry Russia might reward the North by giving it sophisticated weapons technology or offering a defense commitment in the event of a conflict on the Korean Peninsula.

In a meeting in Seoul, South Korean Defense Minister Kim Yong Hyun and the EU’s visiting foreign policy chief, Josep Borrell, expressed “serious concerns” about North Korea’s reported troop dispatch and “strongly condemned” it, according to a statement from the South Korean Defense Ministry.

The two agreed to work together with the international community to try to obstruct Russian-North Korean security cooperation, the statement said.

The US government said Thursday that about 8,000 North Korean soldiers were in Russia near Ukraine’s border and preparing to join Russia’s fight against Ukraine in the coming days. Ukraine’s President Volodymyr Zelenskyy on Friday urged allies to stop just “watching” and take steps before North Korean troops deployed in Russia reach the battlefield.

According to US, South Korean and Ukrainian intelligence assessments, North Korea was estimated to have moved about 10,000-12,000 troops to Russia. If they start fighting against Ukraine forces, it would mark North Korea’s first participation in a large-scale conflict since the end of the 1950-53 Korean War.

North Korean leader Kim Jong Un has used the Russia-Ukraine war as a way to expand defense and economic cooperation with Russia in the face of an intensifying US-led pressure campaign against his advancing nuclear program. The US, South Korea and others accuse North Korea of having already exported artillery shells, missiles and other conventional arms to Russia.

In the past two years, Kim has also ramped up tests of nuclear-capable missile systems, as Russia and China have repeatedly blocked US-led attempts to toughen international sanctions on North Korea over its testing activities in defiance of UN bans. North Korea has also pushed to sever relations and abandon its long-standing goal of reconciliation with South Korea.

In a background briefing with local media Monday, South Korea’s military said North Korea has built anti-tank, trench-like structures at two sites near the Koreas' heavily armed border, where it blew up northern parts of unused cross-border road and rail routes last month in a display of anger toward South Korea. One of the sites is on the western portion of the border and the other on the eastern section.

Details of the briefing were shared with The Associated Press.

The structure at the eastern part of the border was assessed to be 160 meters (524 feet) long while the one at the western part of the border was about 120 meters (393 feet) long, according to the South Korean military briefing.

In a war situation, the North could easily fill up the trenches with piles of dirt nearby to create routes to invade the South, according to the Joint Chiefs of Staff.

Recent commercial satellite images suggest that the work on the trenches began shortly after North Korea staged choreographed demolitions of a road near the western North Korean border city of Kaesong and a combined road and rail section near the Koreas’ eastern border on Oct. 15.

Last week, North Korea test-launched an intercontinental ballistic missile designed to attack the US mainland for the first time in almost a year.