The bankers of Sanaa are imprisoned and blackmailed

Blackmail by influential and affiliated investors in the Houthi group has reached the prison limit. This is the reason for the suspension of their activities and bankruptcy, as well as the distortion of their reputation in the commercial and banking market. One of the parents of the owner of a large stock exchange in Sanaa, who asked not to be named for his safety, said that one of the merchants, Huthi, working in the sale and purchase of cars, had agreed two years ago to finance it. And the interest in the partnership between them, and it took about 4 million Saudi riyals for the import of crude oil from abroad and sell it in Sanaa with a property warranty belonging to a young businessman valued at the same amount.

According to the source, the exchange owner asked the young businessman Huthi to return the amount to him, but asked him for three million riyals, Saudi justifications and excuses to convince him to give money under pressure and fear.

But the latter was shocked after his debt with interest and losses reached about 9 million RS with additional remittances withdrawn.He also found that the property – the guarantee is no longer the property Huthi businessman, And deal with leaders and non-national parties.

This led the changer's partners, businessmen and investors who were dealing with him during this period to prepare reports and claims demanding the payment of their money, estimated at $ 10 million. Saudi riyals as debts and accumulated bonds. The money changer eventually entered the prison illegally.

According to sources, the money changer is still in prison and his case has not been transferred to the public prosecutor's office. The sources confirmed that this situation is not the first, but is followed in recent years with Yemeni cashiers in Sanaa, the most recent call dozens of secret cashiers and threaten to close their agencies if they do not respect what is asked of them.

Mohammed Rajeh, who works on a Sanaa stock exchange, said in an interview with "The New Arab" that past harassment was not limited to blackmail and malicious charges, as there is mandatory mandatory funding for the war effort. Are a burden in the light of the delay of the foreign exchange market with the disruption of the national currency from time to time.

Rajih added that the charges and plans are ready for anyone who refuses to deal with these extortionists and those who have no legal status, but they present themselves as distributed to the Houthi group. And some of them come to ask for a partnership in the exchange and negotiate to determine the rate and the threat of exposing the bank owner to bankruptcy or imprisonment s & # 39, he is not in agreement.

Dr. Al-Zubayh explained to the "new Arab" that the Al-Houthi militia after the capture of Sana'a and the control of the Central Bank of Yemen and the confiscation of the government's liquidity reserve created a parallel financial market for the Yemeni banking system.

Al-Zubayh adds that a company of new cashiers holding the government's financial stock after being distributed by the Al-Houthi group manipulates the purchasing power of the Yemeni riyal, resulting in a decline in value due to the absence of official official control of Bamako. The lack of international supervision of the banking entity represented by the Central Bank of Yemen, and consequently the result has been a decline in the credit capacity of the Yemeni Riyal internationally in conjunction with the Yemeni riyal. lack of clear foreign exchange earnings. In addition to the influence of some people on al-Huthi and the blackmail of money changers and the effects on the Yemeni market, the foreign exchange market caused a severe crisis that resulted in the destruction of the monetary movement in general and a significant decline in the purchasing power of the Yemeni Riyal.

and explained that it was the same for a capitalist society established by Huthi and who worked alongside former traders in the field of exchange. He pointed out that it is difficult to determine the capabilities of exchange shop owners and how to manage the market developed by Huthi.