Guinea Seizes Assets of Business Tycoons Linked to Militant Group

Guinea Seizes Assets of Business Tycoons Linked to Militant Group (News Central TV)

Authorities in Guinea have ordered the confiscation of the assets of two Lebanese-descent Guinean businessmen suspected of aiding the militant group Hezbollah.

Alphonse Charles Wright, Guinea‘s prosecutor, did not say whether Ali Saade and Ibrahim Taher were detained.

After the US Treasury sanctioned the two for alleged money laundering and terrorism funding in connection with their ties to Hezbollah, Lebanon’s Iranian-backed Shia political and paramilitary organisation, the seizure order was issued.

The US Treasury said the action was “aimed at disrupting Hezbollah’s business network in West Africa”.

Hezbollah is a Lebanese Shia Islamist political party and militant group, led by its Secretary-General Hassan Nasrallah since 1992.

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The group was formed as part of an Iranian effort to bring together a number of Lebanese Shia organisations into a single group to resist the Israeli occupation, which included funding and the dispatch of a core group of Islamic Revolutionary Guard Corps instructors.


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