Considered to be one of the major financial strategist of the MB.
From the designation in 2001:
“To date, the United States has taken strong action to shut down such front companies and businesses which have become corrupted by the influences of terrorist financiers and to strip away the otherwise legitimate holdings of those individuals who finance and abet terror. For example, we worked closely with our partners in the Caribbean and Europe for nearly a year to unearth the insidious network of financial houses and investment firms used by the European and Caribbean – based al Qaida supporters, Youssef Nada and Ahmed Idris Nasreddin. Delisted by OFAC in 10/8/2009.
Along with his associates – Ahmed Idris Nasreddin and Ali Ghaleb Himmat provided for years a vast infrastructure to the MB. Suspected to provide financial means and business cover up to Al-Qaida (The Al-Taqwa bank case).
His main business, Nada International Concrete, seems to be a shady company that no much information known about its dealings.
Interesting to know – one of his companies (still listed by the US Treasury) – Waldenberg AG (Vaduz, Liechtenstein), has changed its name in 25/02/2014 to Forest Castel AG with CHF 50,000 bearer shares…
We suspect that today his worldwide spreading businesses still support the MB infrastructure all over the world.
Connected With:
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