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UAE paper: Hezbollah chief’s net worth is $250 million, in large part due to drugs

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Lebanese Hezbollah chief Hassan Nasrallah, center, speaks to the crowd in a rare public appearance July 16, 2008 celebrating the release of 5 Lebanese prisoners from Israel in Beirut's southern suburbs. As part of the agreement between Israel and Lebanon the bodies of two soldiers captured two years ago were returned to Israel. Lebanon welcomed home 5 prisoners hailed as heros in the swap, among them Samir Kantar, who was in an Israeli jail for almost 30 years, having been sentenced to five life terms for a 1979 triple murder."photo by Ferran Queved/propaimages" flash90

UAE paper: Hezbollah chief’s net worth is $250 million, in large part due to drugs

The scope of Hassan Nasrallah’s fortune was discovered within the framework of a U.S. Drug Enforcement Administration investigation against Hezbollah, which aside from its designation as a terror group operates as one of the largest drug cartels in the world.

(May 29, 2018 / Israel Hayom) Hezbollah chief Hassan Nasrallah has amassed a net personal worth of around $250 million due to his organization’s illegal drug smuggling operations, Al-Ittihad, an Arabic-language newspaper published in the United Arab Emirates, reported on Monday.

According to the report, which relies on senior Lebanese government sources, the scope of his fortune was discovered within the framework of a U.S. Drug Enforcement Administration investigation against Hezbollah, which aside from its designation as a terrorist organization also operates as one of the largest drug cartels in the world.

Due to economic sanctions that the United States has reimposed on Iran and the massive reduction of Tehran’s budget to Hezbollah, reported Al-Ittihad, compounded by the heavy financial toll exacted by involvement in the Syrian civil war, Nasrallah ordered an expansion of the organization’s drug-related activities, which resulted in extensive financial gains for Hezbollah and a personal windfall for Nasrallah himself.

Nasrallah, the report continued, appointed his most trusted associates to closely oversee the organization’s drug-smuggling operations.

In February 2016, the DEA said its international investigation had revealed that Hezbollah uses the money it makes from the sale of cocaine in the United States and Europe to fund the purchase of weapons for use in Syria.

The DEA said at the time that the “ongoing investigation spans the globe and involves numerous international law enforcement agencies in seven countries, and once again highlights the dangerous global nexus between drug trafficking and terrorism.”

Hezbollah members have established business relationships with South American drug cartels, the DEA said.

Source: JNS

 

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