The Houthis made a huge fortune in 7 years
English - Wednesday 22 September 2021 الساعة 03:31 pm
Aden, NewsYemen, special:
The Houthi militia’s coup against the state on September 21, 2014, plunged the residents of the capital, Sana’a, and the militia’s control areas into economic crises that destroy their debilitating living situation, coinciding with the increase in the luxurious lifestyles of the Houthi militia leaders.
According to the International Crisis Group, the Houthi militia has become more effective in taxing goods and companies, and controlling and profiting from sales of oil and gas transported to their areas.
Researchers in Yemen confirmed that one of the main goals of the Houthi leaders is to get rich. Where the Houthi leaders own companies, luxury cars, and huge investments.
Public finance experts estimate that during the past seven years, the Houthi militia has collected about $15 billion, outside the expenses of its war effort, and half of the salary granted to state employees every 3 months, under the honor of Mr. Abdul-Malik al-Houthi.
The wealth of the Houthi militia is represented in cash, real estate assets, companies active in the trade in fuel and medicines, and investment assets in Britain and Turkey.
Yemenis and observers are unanimous that the Houthis use their faith only as a means to control wealth and society and stem opposition to Houthi leaders.
The United Nations grants the Houthi militia $370 million annually to support institutions controlled by the militia in Sana’a, without monitoring how they are spent, in addition to sharing organizations and the United Nations agency in balancing projects and programs and selling relief aid.
The Houthis still control the capital, Sanaa, the country's main economic center and its existing institutions, taxes and banks.
Experts in the telecommunications sector estimated the Houthi militia's revenues from the telecommunications sector at about $5 billion over the past years.
According to economic reports, the Houthi militia’s resources from the tax sector alone in 2019 amounted to $1.651 billion.
International reports confirmed that the Houthi militia's net revenues from domestic gas sales amounted to $325 million annually.
The Houthi militia controls the traders and distribution of oil derivatives in its areas of control, and its annual profits exceed half a billion dollars.
The Houthi militia receives funds from Qatar and Iran, is active in drug trade, currency speculation, and provides services to relief organizations, as well as monopolizes the internal heavy transport sector.
The Houthi militia continues its violent attacks on Marib Governorate, with the aim of controlling oil and gas.
The Houthi militia has also imposed restrictions on the sale of real estate and land, and is emerging as a mediator between the seller and the buyer, enabling it to monopolize the process and seize the largest amount of real estate and land.
It is estimated that since the coup, Houthi robberies have affected more than 80% of the state's lands, real estate and property in both the capital, Sana'a, and its areas of control.
The Houthis plunder state resources in their areas of control, extort taxes and service fees from citizens and merchants, disrupt state services and do not pay salaries.
The Houthi militia had established the "judicial guard" system as a parallel tool for the judiciary to loot funds owned or managed by more than 1,250,000 people in the capital, Sana'a, all of whom are their political opponents.
It also robbed in the name of the "judicial guard" the ownership of more than 60 private companies belonging to opposition figures residing abroad and acquired about 50% of the revenues of the 6 largest hospitals in Sana'a. And the largest private university, in addition to bank accounts, and the two private telecommunications companies, Sabafon and Y Telecom.
