Iran Smuggling Venezuelan Gold to Finance Hezbollah

A confidential document from Lloyds Marine insurance company has revealed the Islamic Republic’s illegal schemes through Venezuela to finance Lebanon’s Hezbollah.

In a confidential warning to its clients seen by Iran International, London-based Lloyds Marine Insurance Company said that the Quds Force of the Islamic Revolutionary Guard Corps and Hezbollah illegally send gold from Venezuela to Iran to finance the terrorist activities of Tehran-backed militias in Lebanon, bypassing sanctions.

The document issued on October 28 is titled: Illicit trade and transfer of gold and Iranian oil – IRGC Quds Force and Hezbollah.

“The purpose of this e-alert is to inform the market of the illicit shipment of gold by the Quds Force of the Islamic Revolutionary Guard Corps (IRGC) and Hezbollah from Venezuela to Iran to raise funds for terrorist activities, facilitated by the sale of Iranian oil, in contravention of sanctions,” reads the letter.

Lloyds further added that flights from Caracas to Tehran via Mahan Air are being used as an illicit channel to ship gold to pay for Iranian oil, in breach of applicable sanctions.

Source: foreigndesk news