The team of experts was not convinced of the innocence of the Central Bank and Hayel Saeed Group
English - Wednesday 25 August 2021 الساعة 04:13 pm
Aden, NewsYemen, special:
A source in the Central Bank of Yemen in Aden confirmed that the United Nations team of experts concerned with monitoring sanctions in Yemen has returned again to investigate cases of corruption and money laundering of the Central Bank, and that 91 Yemeni commercial companies have benefited from the mechanism of letters of credit from the Saudi deposit.
The source confirmed to NewsYemen that the United Nations team of experts currently visiting the temporary capital, Aden, did not exonerate the corruption charges against the Central Bank and Hayel Saeed Anam Group, and was not convinced by the results of the review that followed the issuance of the report.
He added, "The team of experts did not cancel the accusations contained in Chapter Nine, Section B, of its report issued on January 22, and it is in the process of verifying that now."
In their latest report, independent UN sanctions monitors accused the Yemeni government of money laundering and corruption, which negatively affected access to adequate food supplies.
The report of the expert group stated that the Central Bank of Yemen violated foreign exchange rules, manipulated the foreign exchange market and "laundered a large part of the Saudi deposit into a sophisticated scheme for money laundering."
And the United Nations report stated that "the amount of 423 million dollars is public funds that were illegally transferred to private companies."
The experts’ report accused the Hayel Saeed Anam Group of graft, by appropriating up to 48 percent of the Saudi deposit funds submitted to the Central Bank of Yemen in 2018, which the group denied.
The team of experts emphasized that the documents provided by the Central Bank of Yemen failed to explain why they had adopted such a destructive strategy.
Observers said that they view it as "an act of money laundering and corruption committed by government institutions, and collusion with business owners and political figures, for the benefit of a select group of distinguished merchants and businessmen."
