Multiple branches of Al-Qard al-Hasan, a financial institution connected to Hezbollah, were targeted in a series of raids across Lebanon. This organization, which acts as the militant group’s de facto banking arm, also serves as an alternative bank for Lebanese citizens. The raids were primarily focused in Beirut and in the south and east regions of the country.
The Lebanese authorities conducted these operations in an attempt to crack down on money laundering and financing of terrorist activities within the country. Al-Qard al-Hasan, which is not officially recognized as a bank but operates similarly, has been under scrutiny for its connections to Hezbollah and suspicions of illegal financial activities. It is believed that the organization has been used to funnel money for the militant group’s operations.
The raids on Al-Qard al-Hasan branches come as part of a broader effort by Lebanon to combat corruption and illicit financial activities. The country has been facing economic turmoil and a financial crisis in recent years, leading to widespread protests and calls for reform. The targeting of this Hezbollah-linked financial institution underscores the challenges that Lebanon faces in addressing these issues.
Hezbollah, which is designated as a terrorist organization by the United States, has long been a powerful force in Lebanese politics and society. The group’s connections to Al-Qard al-Hasan and other financial institutions have raised concerns about the extent of its influence in the country’s economy. The recent raids on Al-Qard al-Hasan branches signal a new effort by Lebanese authorities to confront these issues and disrupt illicit financial activities.
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