(Bloomberg) -- A fundraising campaign on a Yemeni radio station affiliated with Iran-backed Houthi rebels has collected 73.5 million Yemeni rials for the Lebanese militant group Hezbollah.
The campaign on the Sam FM station solicited donations from listeners in the Arab world's poorest nation from May 25 to July 5, reported the rebel-held Saba news agency. It was the radio's third fundraising campaign and the first for Hezbollah. Saba cited the value of the funds as equaling $132,000, likely using a black market rate for the currency.
Read: Hezbollah Donation Boxes Show Trump's Sanctions Are Hurting Iran
U.S. sanctions on Hezbollah's backer Iran have strained the Lebanese group's finances, prompting its leader Hassan Nasrallah to appeal for public assistance. Hezbollah has been accused of supporting the Houthis in their war against the Yemeni government and the Saudi-led coalition.
To contact the reporter on this story: Mohammed Hatem in Dubai at mhatem1@bloomberg.net
To contact the editors responsible for this story: Shaji Mathew at shajimathew@bloomberg.net, Abbas Al Lawati, Dana El Baltaji
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
