Houthi's decisions to seize and confiscate billions of riyals from telecom companies ' accounts in Sana'a

Houthi's decisions to seize and confiscate billions of riyals from telecom companies ' accounts in Sana'a


Yemen's telecommunications sector is one of its worst ever and has been systematically blackmailed, making it one of the most important sources of funding for the al-Houthi group.

Figures and statistics obtained by Al-Masdar online indicate that the al-Houthi armed group is considering the telecom sector as the dairy cow that generates billions of riyals.

A telecommunications source said that "The Yemeni telecom sector is being targeted, as illegal rulings and decisions on telecom companies and the private sector, in general, are accelerating and opportunistic by the courts under the control of the Houthis in Sanaa, which poses a real threat,". With the loss of thousands of direct and indirect jobs, without the slightest sense of responsibility, the risk of adding this human burden to more than 2 million government employees is still without pay for more than three years.

The source added, "More than 40 billion riyals have been seized from the stocks and funds of Sabafon mobile phone company without legal justification or judgment, followed by the issuance of two unfair judicial decisions to confiscate some $70 million and 16 billion Yemeni riyals, accompanied by provisional and executive reservations in those amounts. "

The source said that the company "MTN " is also constantly being blackmailed, where seven billion riyals were confiscated from its assets, seizure, and confiscation of about 17 billion riyals and a leader of Houthi was imposed to manage the company “Ytelecome  " and dismissal of its employees.

Since the al-Houthi armed group's takeover of the capital, Sana'a, in late 2014, the Houthi actions have been continuing on the telecommunications companies without stop.


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