Uncovering Hezbollah’s Money Trail: Gold Bars and Suitcases Buried in the Ground

In December 2020, a mysterious hack by a group of hackers shook Lebanon. The attack resulted in the leaking of sensitive information about almost 400,000 accounts associated with al-Qard al-Hasan – a semi-banking financial institution that identifies as a charity and provides loans and operates community funds for the Shia community in Lebanon.

The hackers called themselves SpiderZ and under the guise of Anonymous, they shared dramatic videos and documents that exposed the true activities of the association and its connection to the terrorist organization Hezbollah. The dramatic uncovering revealed details about the value of loans, repayment ratio, personal information about borrowers, and the total budget of the institution and its branches in 2019-2020, while promising to reveal more information in the future.

In addition to this, SpiderZ even sent private messages to customers urging them to withdraw their money and stop paying their loans. They also revealed details of Hezbollah members who deposit their money in the association – including notable figures. However, al-Qard al-Hasan denied any connection with Hezbollah and claimed that they were victims of an intelligence attack.

The history of al-Qard al-Hasan’s activities was detailed, establishing it as Hezbollah’s main banking institution. It is estimated that billions of dollars pass through this bank annually due to its extensive network of smuggling in Latin America and Europe. The association usually transfers funds through cash and crypto but also has an extensive network smuggling in Latin America. According to reports from Information Center for Intelligence and Terrorism (CIT), there is intense social activity among Shiite society aimed at transforming it into a resistance society that supports Hezbollah’s campaign against Israel.

The faltering economy of Lebanon has only heightened the power of Hezbollah and Alkarch al-Hassan – which entered into this vacuum to sustain life for Shimmy citizens – further reinforcing what has become known as “resistance society.” However, CIT reported that while the tough economic situation affects both Hezbollah and Shia residents, it has additional sources of income such as 700 million dollars coming from Iran’s budget each year. In conclusion, although Alkarch al-Hassan may present itself as a charity providing loans to members of an oppressed community; it is ultimately part of something much larger – a terrorist organization with significant resources at its disposal to continue its operations despite Lebanon’s struggling economy.

By Editor

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