CIA Accuses Lebanese Man of Funding Hizbullah through Algerian Money Laundering Network
A court in the Algerian capital Algiers is expected to look into the case of an Algerian money laundering network that includes a Lebanese investor accused by U.S. intelligence of funding Hizbullah, reported Algeria’s al-Khabar newspaper.
It said that 31 suspects face “heavy” charges related to money laundering, including the Lebanese national.
The case started when American security apparatuses began questioning the wealth of the Lebanese man accused of funding Hizbullah, stated the newspaper.
They found out that large funds were being transferred to his bank account in Lebanon in a manner that violates banking law, it added.
Investigations discovered that the investor sought to open three companies aimed at importing iron waste in Lebanon, Turkey, and Algeria, it continued.
He also sought to establish good ties with customs agents in Algerian and Tunisian ports.
The agents are accused of receiving bribes in exchange for facilitating customs procedures of suspicious operations related to the import of iron and non-iron waste, reported al-Khabar.
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