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First with the News

Guinea Seizes Assets Of Tycoons ‘Linked To Hezbollah’

March 9, 2022
in Security, Top Stories
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By John Ikani

A prosecutor in Guinea has ordered the seizure of the assets of two Guinean businessmen of Lebanese descent who have been accused of being linked to funding militant group Hezbollah.

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Guinea’s prosecutor Alphonse Charles Wright did not elaborate on whether Ali Saade and Ibrahim Taher were under arrest.

The seizure order comes after the two were sanctioned by the US Treasury for alleged money laundering and financing of terrorism over their links with Hezbollah, the Iranian-backed Shia group in Lebanon.

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

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