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Syria-Lebanon-Iran
Report: NasrallahÂ’s banks bombed
2006-07-25
WASHINGTON – NBC television reported Tuesday that the IDF has bombed Lebanese banks holding Hizbullah money, this in the framework of Israel’s attempt to destroy the terror group’s financial infrastructure.

According to the report, in the past few days Israel has intentionally targeted financial institutions in Beirut and other cities throughout Lebanon, among them Tyre, Sidon and Nabatiyeh. Israeli intelligence sources told NBC that at least 12 financial institutions that supported Hizbullah were attacked, adding that the organization, which secretly managed its funds, is now short on cash due to the bombings.

Some of the banks that held Hizbullah accounts were completely destroyed, while others were purposely damaged but not completely demolished. NBC said that in one incident the Israeli Air Force bombed the home of a bank manager as a warning to other Lebanese bankers not to deal with Hizbullah.

Counter-Terror Bureau Director Dani Balilti told NBC that the message to all banks in Lebanon was that aid to Hizbullah is aid to a terror organization. He said Israel knew they needed money and were desperate for cash, but that they didn't have it.

The Israeli Air Force targeted, among others, eight offices named Bet El Mal used by Hizbullah to store the organization's money. Two other banks in Lebanon were hit – Al Baraka and Fransa Bank, used by Hizbullah to transfer money around the world.

The NBC network turned to the Baraka bank, which confirmed that one of its branches had been bombed, and that nearby bank branches were also bombed. It was also reported Israel warned a third bank, the Middle East and Africa Bank (MEAB), that it too was in the crosshairs.

All banks denied any ties to Hizbullah. The director-general of the Fransa-Bank said that his bank had no ties to Hizbullah or any other political party. The manager of the MEAB said that someone had tried to open a suspicious account at the bank, but that it refused to accept the money and fired a worker who was involved in the attempted deposit.

Despite the denials however, it turns out that the Lebanese bank was after all tied to terror. Last week Hizbullah's television station al-Manar held a fund raising campaign, and in advertisements a MEAB account was given.

An Arabic-speaking producer of NBC called the bank in Beirut and asked to transfer a donation to Hizbullah. He was told he could transfer the money via any American bank branch, but that it was best he not say the money was destined for Hizbullah. The MEAB held ties with American bank Wachovia. Following questions by NBC, the American bank immediately notified its cutting of all connections with the Arab bank.

NBC called the number displayed on the al-Manar advertisement. This time they were transferred to another bank, the Lebanese-French bank. This bank has two connections with large banks in New York: Citibank and the Bank of New York. Representatives of the banks said they are blocking the transfer of all money meant for Hizbullah.
Posted by:anonymous5089

#12  Too bad there wasn't an attempt to swipe it all.
Posted by: Pappy   2006-07-25 20:58  

#11  It might have less destructive, albeit just as effective, to refer him to my financial advisor.
Posted by: kelly   2006-07-25 17:53  

#10  I'm with PR. This is unexcuseable. Someone needs to get real prison time for it. This is criminal at best. Even treasonous perhaps.
Posted by: Mike N.   2006-07-25 11:22  

#9  Again on Fox they reported that TV stations all around Beirut are going boom. I think Nazi will have a hard time getting face time.
Posted by: cruiser   2006-07-25 11:13  

#8  If Nasrallah's still healthy and his communications are up to it, he ought to have something to say about this (claim there weren't any funds there, claim these were zionist banks - ha ha, etc. within 24 hours.
Posted by: mhw   2006-07-25 10:59  

#7  While the name on the bank accounts was probably NOT listed as Hizbullah, the banks should have known what they were used for because they can track funds. Hopefully, due to the Israeli action, Hizbullah front men will have trouble opening an account. You take away their funding and the Jihais will dry up as well.
Posted by: Cyber Sarge   2006-07-25 10:26  

#6  "Got somethin' for ya, Mr. Potter!..."
Posted by: mojo   2006-07-25 09:51  

#5  IIRC there has been a major hush hush over the connexions of two "major NYC banks" to terror financing.
Posted by: Seafarious   2006-07-25 09:00  

#4  "This bank has two connections with large banks in New York: Citibank and the Bank of New York. Representatives of the banks said they are blocking the transfer of all money meant for Hizbullah."

The reason why this was not done right after 9/11, is just mind boggling. Hezbollah have been classified by the State Dept. as a terrorist organization for some time now. Sometimes I wonder, if we are really serious about this WoT. Right now, the Democrats are not in power. There is just no excuse.
Posted by: Poison Reverse   2006-07-25 08:43  

#3  Saw this covered nicely on NBC Nightly News last night. Excellent job, IAF!!!!
Posted by: Lancasters Over Dresden   2006-07-25 08:30  

#2  The Wachovia route is much better than the bomb route. This is dumb PR.
Posted by: Nimble Spemble   2006-07-25 07:26  

#1  Can't pay the terrorists? Let them eat jihad.
Posted by: Griper Whegum8464   2006-07-25 06:00  

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