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US charges Lebanese 'Hezbollah financier'

AFP  |  Washington 

US authorities arrested a long-wanted alleged Hezbollah financier on charges of violating US terror-related sanctions, after he was apparently deported to the United States from Morocco.

Kassim Tajideen was formally charged in US federal in nearly eight years after the United States named him a "specially designated global terrorist" for allegedly proving tens of millions of dollars to the Lebanese Shiite movement.

He was charged with multiple counts of violating US sanctions regulations as well as money laundering.

According to multiple media reports, Tajideen was arrested on arrival in Casablanca on March 12 on a request by US authorities.

He arrived in the United States early yesterday, but the Justice Department would not confirm that he had been handed over to the United States by Morocco.

Tajideen, 62, pleaded innocent to the charges, according to a Justice Department statement.

A commodities trader across the Middle East and Africa, Tajideen was given the terror finance designation in May 2009, which carries sanctions that largely locked him out of global financial networks. The designation named him an "important financial contributor" to Hezbollah.

"Because of his support for Hezbollah, a major international terrorist group, the US government imposed sanctions on Kassim Tajideen in 2009 that barred him from doing business with US individuals and companies," Acting Assistant Attorney General Kenneth Blanco said in a statement.

But the charges unveiled Friday did not accuse him of any recent provision of financial support to Hezbollah.

Instead, he was accused of restructuring his business organization after the 2009 designation in order to evade the sanctions and continue doing business with US companies.

That included buying commodities from US exporters and making wire transfers payments for them worth a total of $27 million.

The US firms involved in those transactions were unaware they were involved with him, the charges said.

Writing about Tajideen on Thursday, Hanin Ghaddar and Sarah Feuer of the Institute think tank said Tajideen remained an important backer of Hezbollah.

"In addition to the revenues he secured for Hezbollah, his company Tajco has been involved in a number of residential projects located in strategic areas of Lebanon," they said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 25 2017. 04:02 IST