35 Companies Identified as Economic Tools Supporting the Houthi Militia in Yemen

The P.T.C.O Yemen platform, dedicated to tracking organized crime and money laundering activities, has revealed a new list of 35 companies allegedly functioning as economic tools for the Houthi militia. This disclosure is part of a series of reports focusing on the militia’s hidden financial entities.

According to the platform, these companies were created to “amplify the militia’s influence and provide the financial support needed for their military and political plans.” The list will be published in more detail in the second part of the platform’s report, titled “Houthi’s Hidden Financial Entities.”

The list includes the names of the companies, their owners, and the sectors in which they operate, with the platform confirming that it holds documents substantiating these claims

These companies reportedly operate in vital sectors such as pharmaceuticals, petroleum derivatives, construction, general trade, information technology, and education. They are either run "under a fake legal cover" or "secretly" to finance the militia's activities.

The platform further revealed that these entities are managed by individuals directly linked to the Houthis, contributing significantly to controlling the local market. This has exacerbated the suffering of citizens, with the militia monopolizing petroleum derivatives, medicine, and essential services.

The establishment of these entities enables the Houthis to “increase their financial resources, thereby strengthening their ability to fund the war and prolong the conflict in Yemen.” These revelations are part of ongoing efforts to expose financial networks that support the militia’s activities, which are contributing to the worsening humanitarian crisis in the country.

P.T.C.O Yemen is recognized as one of the leading organizations tracking illicit financial activities in Yemen. The platform aims to shed light on entities supporting armed groups, including the Houthis, in an effort to stop the flow of funds fueling the ongoing conflict.

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