Lebanese businessmen placed on US sanctions list for alleged Hezbollah links

Lebanese businessmen placed on US sanctions list for alleged Hezbollah links
2.5 5

Published November 8th, 2015 - 05:00 GMT via SyndiGate.info

Rate Article:

 
PRINT Send Mail
comment (0)
The US accuses China-based Adel Mohammed Cherri and his company of procuring deadly equipment for Hezbollah. (Wikimedia Commons)
The US accuses China-based Adel Mohammed Cherri and his company of procuring deadly equipment for Hezbollah. (Wikimedia Commons)
Follow >
Click here to add Adam J. Szubin as an alert
Adam J. Szubin
,
Click here to add Adel Mohammed Cherri as an alert
Adel Mohammed Cherri
,
Click here to add Aero Skyone Co. Limited. as an alert
Aero Skyone Co. Limited.
,
Click here to add Ali Zoaiter as an alert
Ali Zoaiter
,
Click here to add Beirut as an alert
Beirut
,
Click here to add Hizballah as an alert
Hizballah
,
Click here to add Houthis as an alert
Houthis
,
Click here to add Le-Hua Electronic Field Co as an alert
Le-Hua Electronic Field Co
,
Click here to add Merhi Ali Abou Merhi as an alert
Merhi Ali Abou Merhi
,
Click here to add Serhan as an alert
Serhan
,
Click here to add Shenzhen as an alert
Shenzhen
,
Click here to add Terrorism and Financial Intelligence as an alert
,
Click here to add US Department of Treasury as an alert
US Department of Treasury
,
Click here to add Vatech SARL as an alert
Vatech SARL

The US Department of Treasury said that it placed sanctions on two alleged Hezbollah members and their companies, and on two other companies freezing their assets, a report said on Friday.

“The US Department of Treasury targeted significant Hezbollah procurement facilitators responsible for providing material support to enhance the group’s military and terrorist capabilities,” said a statement published on the Treasury's website.

The Treasury said that it placed sanctions on Fadi Hussein Serhan and Vatech SARL, of which he is general manager.

“Serhan is a Hezbollah procurement agent and General Manager of Beirut-based company Vatech SARL, which he has used to purchase sensitive technology and equipment for Hezbullah. Serhan has purchased unmanned aerial vehicles (UAVs) and accessories, and various electronic equipment from companies in United States, Europe, Asia, and the Middle East,” said the statement.

The Treasury also placed sanctions on Shenzhen, China-based Adel Mohammed Cherri and his company, Le-Hua Electronic Field Co, the report added.

“Cherri is a Hezbollah procurement agent who has purchased dual-use technology and equipment from suppliers in Asia on behalf of Hezbollah. He facilitated Hezbollah’s efforts to procure a variety of electronics from China for transport to Yemen for use in improvised explosive devices by the Houthis, a group that has engaged in acts that directly or indirectly threaten the peace, security, or stability of Yemen,” said the statement.

Sanctions also included two other companies owned and controlled by Ali Zoaiter.

“Aero Skyone Co. Limited is a China-based front company created in 2013 and controlled by Hezbollah procurement agent Ali Zoaiter who has used Aero Skyone Co. Limited. to procure engines and other UAV equipment from Europe and Asia for Hezbullah.

"Labico SAL Offshore is a Lebanon-based company owned by designated Hezbollah procurement agent Ali Zoaiter," it stated.

“Hezbollah is a dangerous, destabilizing terrorist group, and Treasury is determined to maintain maximum pressure on this organization by targeting its many revenue streams,” said Adam J. Szubin, Acting Under Secretary for Terrorism and Financial Intelligence.

In October, the United States slapped similar sanctions on prominent Lebanese businessman Merhi Ali Abou Merhi on charges of facilitating the activities of a Lebanese-Colombian drug trafficker and money launderer accused of having ties to Hezbollah.

Naharnet © 2015

Add a new comment

 avatar