Global News Journal

Trust in Lebanese financier shakes Hezbollah’s image

By Yara Bayoumy

The case of Salah Ezz el-Din, a Shi’ite Lebanese financier who has been accused of embezzlement and alleged to have defrauded Shi’ite investors, including Hezbollah officials, of hundreds of millions of dollars, has Lebanon in a stir.

The overall amount pales in comparison to Bernard Madoff’s Ponzi scheme, but in a community of little more than a million Shi’ites, it has meant that many have had their life-savings wiped out.

But what’s more shocking than the amount is the overwhelming trust that his investors still have in him. That is, no doubt, due to Hezbollah’s approval of him.

There are even some Hezbollah officials who invested with him, although the group’s leader Sayyed Hassan Nasrallah has denied any direct links with Ezz el-Din.

Anti-sectarian law only skin-deep in Lebanon

When Lebanese Interior Minister Ziad Baroud issued a memorandum giving Lebanese citizens the option to remove their sect from civil registry records, it seemed like a step towards removing deeply embedded sectarianism from Lebanon’s social fabric.

The country has been convulsed by bouts of sectarian violence, most notably the 1975-90 civil war, in which 150,000 people were killed, and more recently last May when a power struggle spilled into armed conflict and supporters of Shi’ite Hezbollah briefly took over parts of Sunni western Beirut.

Twittering from the front-lines

Who remembers the Google Wars website that was doing the viral rounds a few years back – a mildly amusing, non-scientific snapshot of the search-driven, internet world we live in?

It lives on at www.googlebattle.com where you can enter two search terms, say ‘Lennon vs. McCartney’ or ‘Left vs. Right’, and let the internet pick a winner by the number of search hits each word gets.

Long list of enemies in Syria blast

One of the problems with countries like Syria – secretive and authoritarian – is that whenever a bomb goes off or someone is assassinated, the list of possible suspects is extensive.

One can draw up a long list of enemies who could have plotted and carried out Saturday’s rare car bomb attack on a major road near a Syrian state security complex and an intersection leading to a famous Shi’ite Muslim shrine. The blast, which killed 17 people including a brigadier general and his son, poses another test to Syria’s reputation for keeping a tight grip on dissent and maintaining stability in a troubled area. 

Is Hezbollah’s gun diplomacy working?

Hezbollah literally rolled out the red carpet to welcome home five prisoners released by Israel in a U.N.-mediated exchange deal. Securing the release of the last five Lebanese held by Israel was a major triumph for the group, which in turn handed over the bodies of two Israeli soldiers captured in a 2006 raid into Israel.

Having achieved a long-held goal, Hezbollah is holding up the exchange as further evidence that its uncompromising, armed approach to dealing with Israel brings results, directly challenging the policies of Arab leaders who have engaged in negotiations or signed peace treaties with the Jewish state. The New York Times called the prisoners’ homecoming a triumph.

Has Syria come in from the cold?

The European-Mediterranean summit in Paris might have produced grand projects ranging from cleaning up the Mediterranean sea to using North Africa’s sunshine to generate power. But that is is not what it will be remembered for.

It will be remembered for the glorious welcome it bestowed on Syrian President Bashar al-Assad, who until yesterday was persona non-grata in the West, an autocrat leading a pariah regime, which many believe orchestrated the 2005 killing of former Lebanese Prime Minister Rafik al-Hariri.