Archive for Hizbullah

Hizbullah’s Madoff

Posted in funding with tags , , , , , , on September 9, 2009 by admin

‘Lebanese Madoff’ detained – Israel News, Ynetnews

Lebanese authorities are holding in custody a prominent Shiite financier close to Hezbollah on suspicion of fraud after he invested hundreds of millions of dollars of other people’s money before declaring bankruptcy, judicial officials said Wednesday.
…The judicial officials said Ezzedine had major business interests, particularly in oil and iron industries, in Eastern Europe and suffered substantial losses when oil prices dropped starting mid last year.
He tried to make up for his losses by taking money from Lebanese investors, promising them up to 40 percent interest on their deposits which he could not repay, the officials said, speaking on condition of anonymity in line with regulations.
….Media reports said among Ezzedine’s victims are high ranking members of Hezbollah, as well as Shiite investors from south Lebanon and the Hezbollah stronghold south of Beirut.   

The three Hizbullah’s leaders who lost funds are:

One of the three is Wafik Safa, the first to disclose during Israel’s prisoner swap with Hezbollah in 2008 that IDF reservists Ehud Goldwasser and Eldad Regev, kidnapped by the organization two years earlier, were dead.
During the prisoner swap Wafik Safa became known in Israel for refusing to reveal the status of the two captured soldiers until the very last minute, just before their bodies were brought out in coffins.
Al-Arabiya reported that the other two men were the leader of Hezbollah’s parliament bloc, Mohammad Raad, and a member of the bloc, Amin Sherri. The report did not say whether they had lost their own private funds or those of the organization.
 Sources affiliated with Hezbollah have estimated Ezzadine’s losses at around a billion dollars, and a Kuwaiti daily reported Thursday that the organization had lost around $683 million. 

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Opposition rejects Hariri Govt

Posted in counterterrorism with tags , , , on September 8, 2009 by admin

Because he hasn’t agreed it with them:

Lebanon’s opposition groups formally informed the president on Tuesday of their rejection of a proposed government line-up by prime minister-designate Saad al-Hariri, raising the possibility that Hariri will step aside.

The billionaire magnate handed President Michel Suleiman his proposal on Monday, a move quickly rejected by the “March 8” opposition alliance, that includes Syria- and Iran– backed Hezbollah, because it had not been agreed by them.

Is Hizbullah preparing itself to wage chemical war on Israel?

Posted in counterterrorism with tags , , , , on September 4, 2009 by admin

A Kuwaiti report Thursday said that “a mysterious explosion in a Hizbullah weapons warehouse six weeks ago involved chemical weapons”, adding, to the mounting evidence, that the terrorist organization is preparing for chemical warfare against Israel.Eight Hizbullah terrorists were killed in the blast, and the Kuwaiti al-Siyasa newspaper now reports that three others inside the warehouse died from the chemicals that were stored there. The report was based on information from European security sources.

Al-Siyasi previously reported that Hizbullah has been smuggling chemical weapons into southern Lebanon, along with thousands of gas masks.The weapons and equipment reportedly were provided from Iran and Hizbullah has been smuggling into southern Lebanon chemical weapons as well as thousands of gas masks smuggled via Syria.

Compare this with the disarmament claims made througout the Western world. Anyway, we should expect this to increase after Vahidi’s appointment as Iranian Defense Minister.

Syria & Hizbullah are arming Salafi Forces in Lebanon

Posted in funding with tags , , , on August 27, 2009 by admin

The MEMRI Blog – Full Blog Entry

A high-level Lebanese security force is claiming that Syria and Hizbullah are transferring funds and arms to several Salafi parties in the city of Tripoli, in northern Lebanon, and that the Lebanese security apparatuses have raided several weapons storage depots.