Sanctions Committee: Son of Saleh is involved in money laundering
1/29/2017 1:45:00 AM
Yemen Sanction Committee has revealed that it got evidence that the youngest son of ousted President Ali Abdullah Saleh, Khalid, was involved in violating sanctions imposed by the UN Security Council on Saleh in 2015.
According to media outlets, the report of the investigative team affirmed that Khald Saleh played a significant role in managing assets of his father and his brother, Ahmed who, was also included in a sanction list.
According to the report, suspicious money transfers were managed by Khalid.
The committee revealed in 2015 that Saleh collected $60 billion through exploiting oil contracts, $2 billion a year for three years.
The team found out suspicious transactions of about $84 million in the period between 2014 and 2016 within six companies and five banks in five countries outside the regular fund management of high net worth individuals.
Among the accused companies was Redan Investment and Accounting, utilized by Khaled Ali Abdullah Saleh.