A platform tracing organized crimes and money laundering in Yemen reveals a new list of Houthi companies

A platform tracing organized crimes and money laundering in Yemen reveals a new list of Houthi companies

Wednesday 26/Feb/2025 - Time: 3:29 PM
<p>A platform tracling organized crimes and money laundering in Yemen (P.T.C.O YEMEN) revealed a new list of companies that work for the Houthi group loyal to Iran, as part of a series of reports that focus on the secret financial entities of the group. <br />The list includes the names of 35 companies created The Houthis as economic tools to amplify the group's influence and provide the necessary funding for its military and political plans. The vital economic sectors. /&gt; Reports showed that these companies, which are managed by personalities linked to the armed group, contribute greatly to controlling the local market and increasing the suffering of citizens through the monopoly of oil derivatives, medicines and basic services. <br />The platform indicated that the establishment of these entities enables the Houthis to increase their financial resources in a way that enhances their ability to finance the war and prolong the conflict in Yemen. With the aim of highlighting the volume of Houthi penetration in the Yemeni economy. <br />The platform indicated that it will reveal in its upcoming reports more companies related to the group. It works in various economic activities and sectors and enjoy all incentives, privileges, and work freely outside the scope of control and accountability, enabling them to reap profits estimated at billions of riyals and millions of dollars to enrich the Houthi leaders, their officials, their supervisors, and to finance the war against the Yemeni people and neighboring countries. The economy constitutes a direct threat to the stability of the local market and increases the suffering of citizens by controlling oil derivatives, medicines and other basic services</p>