Dr.. Al-Asali: The private sector preserved the Houthis' survival, recognized him, and financed his war
English - Sunday 04 July 2021 الساعة 09:16 am
Aden, NewsYemen, special:
Dr. Ali Al-Asali said that most businessmen and merchants bear a large part in prolonging the war in the country, because they preserved Al-Houthi’s survival, recognized him and dealt with him, and contributed to supplying his war.
Al-Asali, an associate professor at Sana’a University, added in an analytical reading of the letter of the Solidarity Bank to the Houthi Central Bank, dated 06/28/2021, that the private sector is not underestimated.
He continued, if the merchants and businessmen continue to confess and pay royalties to the Houthis, the victory may be delayed for a while.
On June 28, the Houthi militia nationalized the funds and balances of Al-Tadamon Islamic Bank, the largest private Yemeni bank in the country, against the background of one billion Saudi riyals in President Hadi’s accounts with the bank, which rejected a Houthi court ruling to hand it over the amount in cash.
Al-Asali pointed out that the letter of the Tadhamon Bank to the Houthi Central Bank confirmed the accounts of President Hadi with the bank, and that it is invested in Islamic instruments.
He explained that President Hadi opening accounts with the bank and investing them is in violation of Article (118) of the Yemeni constitution, which says: The President of the Republic may not, even indirectly, practice a free profession or a commercial, financial or industrial business during his term.
Al-Asali demanded that Tadhamon Bank clarify how it accepted President Hadi’s accounts if they were in violation of the constitution.
Al-Asali pointed out that Tadhamon Bank's message showed real challenges and difficulties facing the private sector, and what the business sector suffers from of blackmail and recklessness from the Houthis and their competent court and its interventions.
Dr. Ali Al-Asali stressed that had it not been for weakness, weakness, mismanagement and the ineffectiveness of the measures taken by the legitimacy, those merchants and businessmen would not have dared to support Al-Houthi.
