Hizballah’s Money Pipeline in the Crosshairs

Charles Johnsonfollow me on twitter
Tue Jul 25, 2006 at 9:04 pm PDT • Views: 322

At last, the infrastructure of world terrorism is coming under serious attack, as the banks and charities that funnel money to genocidal groups like Hizballah are on Israel’s target list: Hezbollah banks under attack in Lebanon. (Hat tip: LGF readers.)

The Israelis say they also struck branches of two major banks — Al Baraka and Fransabank — which they claim help Hezbollah receive and move money around the world. A senior bank official at Al Baraka confirms one of his branches was bombed, and says several other nearby banks were hit, too. Arditi tells NBC News that a third bank — the Middle East and Africa Bank — also is on Israel’s hit list.

All three banks deny any ties to Hezbollah.

“We have no relation to any organization like Hezbollah,” says the Al Baraka official. The Fransabank General Manager tells NBC. “We have no relationship with Hezbollah or any other political party anywhere. We don’t have any relation and we refuse to have one.” And the Administrative Manager for the Middle East and Africa Bank says someone tried to open a suspicious account with the bank, but no money was accepted and the bank employee involved has been fired.

But a fundraising appeal that aired last week on the Hezbollah-connected Al Manar television station asks that money for the Hezbollah resistance be sent to a specific account at the Middle East and Africa Bank.

An Arabic speaking NBC News producer called the number listed on the television ad, and was told to go to any U.S. bank and wire the money. Our producer was advised to not tell anyone the money was meant for Hezbollah.

The Middle East Africa Bank has a relationship with the U.S. bank Wachovia. After NBC News informed Wachovia of the Hezbollah fundraising appeal, Wachovia immediately terminated the relationship.

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 Frank says:

It looks just like a Telefunken U-47!