Hamas shell company in Turkey had funneled Quds Force funds to Qassam Brigades for years

A Turkish company set up by Hamas operatives to funnel funds from the Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF) and Hezbollah to the Qassam Brigades dissolved itself after it was designated by the US Treasury as a sponsor of terrorism, a Nordic Monitor investigation has found out.

Redin Danışmanlık İç Ve Dış Ticaret Limited Şirketi, a consulting and foreign trade firm identified as Redin Exchange by the US, was sanctioned by the US Treasury on September 10, 2019 for transferring money to Hamas for terrorist acts. The company’s owners rushed to liquidate after the designation and decided to dissolve it 10 days later at a board meeting.

The decision was notarized on September 30, and the official petition to dissolve the company was approved by authorities on October 4, 2020.

According to the US government, the firm has “materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to, HAMAS.” Some examples of this backing include a transfer of $10 million in March 2019 to Hamas’s operational arm, the Izz-Al-Din Al-Qassam Brigades, also involving Treasury-designated financial facilitator Muhammad Sarur.

Redin’s footprints were seen throughout 2017 on several occasions while transferring tens of millions of dollars to Hamas, according to the Treasury release. In July 2018 Redin Exchange paved the way for the delivery of $4 million, which Iran’s Quds Force sent to Hamas. Redin was also responsible for sending $2 million from the Quds Force to Hezbollah and Hamas in May 2018. In July 2017 the company was the intermediary for a transfer of $5.5 million from a senior Hamas leader to Hamas finance chief Zaher Jabarin, who is based in Turkey and was one of the persons added to the list.

Read the complete article at: Nordic Monitor


shell company Turkey and was one of the persons added to the list. shell company

Latest news
Related news