Exclusive: Assad’s uncle is using HSBC and front companies to avoid EU/US sanctions and funnel cash through international tax havens, funding death and destruction back in Syria, al-Araby al-Jadeed reveals.
At the start of the Syrian uprising in 2011, the family of Bashar al-Assad’s maternal uncle, Mohammad Makhlouf, were known to control around 50 companies in Syria.
The Makhlouf empire included the country’s largest phone company, Syriatel, the largest holding company, Sham Holding, as well as Syria’s largest banking, insurance, construction and real estate groups.
But these companies are just a small part of Makhlouf’s international domain, as al-Araby al-Jadeed unveils a far …read more
Source: Iranian.com
