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Monday, December 22, 2008

Ahmed Idris Nasreddin,

  • Nasreddine, Ahmed Idriss, was listed as a key contributor to al Qaeda on the Golden Chain list found in the caves of Tora Bora after Usamma ben Laudin escaped.
  • Most countries listed him and his companies on sancation lists.
  • His son publicacly owns and runs a Nigerian food processing company caled Nasco Foods
  • He then went undreground, may have bought property in Panama
  • He emerged on 14 November 2007 when the UN removed him and one of his a companies from its sanction list
  • No other companies removed him from their sanctiolns list, as of this date
  • He has been living publicly since then.
Eritea, which borders on Somalia, is his original home (you may read Ethiopia, but Eritrea ceded from Ethiopia after Idris Nassredin was born.

There, Aburrahim Nassredin has been appointed President of the Eritrea branch of NASCON, a construction company with Headquarters and projects in the UAE They appear to be in the busiess of building high end custom Villas for private individuals....Interesting in Eritrea, a poor country in the Horn of Africa,
Lets monitor his islamic bank transactions and connections (see below) and his connections in the Bahamas.
Lets examine the Nassredin Foundation, established with offices in Lichtenstein - a small European country famous for its bank fronts and money laundering. In fact it is one of the last countries whos laws still allow transactions on numbered accounts - no other id required.
Here is what we have
Nasreddine, Ahmed Idriss,
Nationality: Italian Passport no.: na ra or
National identification no.:
a) Italian Identity Card number AG 2028062 , expired on 7 Sep. 2005
b) Foreign ID card number K 5249
Five Addresses:

a) Corso Sempione 69, 20149 Milan, Italy
b) Piazzale Biancamano, Milan, Italy
c) 10 Route De Cap Spartel, Tangiers, Morocco
d) no: 10, Rmilat, Villa Nasreddin in Tangiers, Morocco
e) Via Maggio 21, P.O. Box 216, 6909 Lugano, Switzerland

Other information:

  • Italian Fiscal Code: NSRDRS29S22Z315Y.
  • Mr. Nasreddin left his residence at 1 via delle Scuole, 6900 Lugano, Switzerland in 1994 and moved to Morocco.
  • He is the president of Miga-Malaysian Swiss, Gulf and African Chamber (this entity was formerly listed under permanent reference number QE.M.78.02 and de-listed on 14 Nov. 2007).
Removed from list on: 14 Nov. 2007

QE.A.74.02. Name:
a) Akida Islamic Bank International Limited
b) Iksir International Bank Limited Address:
C/o Arthur D. Hanna & Company 10 Deveaux Street, Nassau, Bahamas
P.O. Box N-4877, Nassau, Bahamas OQE.A.75.02.
AKIDA INVESTMENT CO. LTD.A.k.a.: Akida Investment Company Limited F.k.a.: Akida Bank C/o Arthur D. Hanna & Company b) 10 Deveaux Street, Nassau, Bahamas c) P.O. Box N-4877, Nassau, Bahamas
GULF CENTER S.R.L.A.k.a.: na F.k.a.:
Corso Sempione 69, 20149 Milan, Italy
Fiscal Code: 07341170152 V.A.T. Number: IT 07341170152

Gulf Office Assoc. Per Lo Sviluppo Comm. Ind. E Turis
Fra Gli Stati Arabi Del Golfo E La Svizzera
HOTEL NASCOA.k.a.: Nasco Business Residence Center SAS Di Nasreddin Ahmed Idris EC Address: Corso Sempione 69, 20149 Milan, Italy
Fiscal Code: 01406430155 V.A.T. Number: IT 01406430155

Demirhane Caddesi, No: 219,
Zemin Kat, Zeytinburnu, Istanbul, Turkey
Llast address listed for this entry in the Foreign Investment Archives of the Turkish Treasury is “Cobancesme San. Genc Osman Sok. No: 12, Yenibosna, Istanbul, Turkey”
Corso Sempione 69, 20149 Milan, Italy
Fiscal Code: 08557650150 V.A.T. Number: IT 08557650150

Industrie Generale De Filature Et Tissage
Industrie Generale De Textile
7 Route de Rabat, BP 285, Tangiers, Morocco
Corso Sempione 69, 20149 Milan,
Fiscal Code: 03464040157 V.A.T. Number: IT 03464040157
A.k.a.: Nasreddin Stiftung
C/o Rechta Treuhand-Anstalt, Vaduz, Liechtenstein

A.k.a.: Nasreddin Group International Holdings Limited
C/o Arthur D. Hanna & Company b)
10 Deveaux Street, Nassau, Bahamas
P.O. Box N-4877, Nassau
Bahamas Other information:
All these companies were removed from the United Nations Sanctions list on Novermber 14th 2007. There was really no explanation except the following quote:
"The Committee’s Consolidate List is updated regularly on the basis of relevant information provided by Member States and regional organizations. This is the twenty-second update of the List in 2007.
An updated List is accessible in XML, PDF and HTML formats on the Committee’s website:
ia Maggio 21, P.O. Box 216, 6909, Lugano, Switzerland Other information:
The president of this entity is Ahmed Idris Nasreddin (this individual was formerly listed under permanent reference number QI.N.66.02 and de-listed on 14 Nov. 2007). Removed from list on: 14 Nov. 2007


Added November 11th, 2011:

"anonymous" has requested that this article be pulled, based on the fact that the both the OFAC and the UN has removed Ahmed Idris Nasreddin from the terrorist watch list. This fact is already listed in the above article.

The bottom line is that while Ahmed Idris Nasreddin has significant family connections to designated terrorists, it must also be said that he has gone through the process of submitting documents that demonstrate that his businesses are no longer directly connected to the businesses that funded al Qaeda.

However, it is our belief that both the listing and de-listing of Ahmed Idris Nasreddin from the terrorist watch lists needs to be a matter of public record.  In fairness, an article by the LA times commenting on the de-listing on 2007 follows:

-Shimron Issachar

In 2002, the U.S. said a businessman was aiding Al Qaeda. Now he's quietly off the blacklist.
November 28, 2007|Josh Meyer | Times Staff Writer

WASHINGTON — With much fanfare in August 2002, the Bush administration formally designated prominent Italy-based businessman Ahmed Idris Nasreddin as a top financier of terrorism, saying he was a key moneyman for Al Qaeda's international network.

The United Nations quickly followed suit, requiring its 190 member nations to freeze the assets of Nasreddin and his vast web of business holdings, and to prohibit any individuals or entities in those countries from having any dealings with them.

Two weeks ago, the administration quietly took Nasreddin and a dozen of his financial companies and other holdings off the official blacklist, and the United Nations immediately did the same. Neither agency publicly announced the decision or explained why they were doing so; they simply published the delisting in an updated list of enforcement actions.

Some experts on terrorism financing found the decision puzzling. "You cannot for five years refer to someone as an international terrorist financier, seize all their funds, tell the world that this is a major-league bad guy, and then suddenly change your mind without public explanation," said lawyer Jonathan M. Winer, a former deputy assistant secretary of State for international law enforcement. He represents clients in terrorism financing cases involving sanctions.

"In order to have credibility, you have to explain to the world what has happened, and you have to justify both decisions," Winer said. "Was the initial decision a mistake? And if it wasn't, how do you justify the new decision? It screams out for a full explanation, and none has been provided."

United Nations officials in New York did not return calls and e-mails seeking comment. The Treasury Department declined to discuss the case in detail Tuesday, but issued a statement that suggested it believed that both the initial designation of Nasreddin and his recent "de-listing" were appropriate.

The department's Office of Foreign Assets Control "reviewed all of the information in its possession, including the information upon which Mr. Nasreddin's original designation was based, additional information, and Mr. Nasreddin's submissions in support of his delisting petition," the statement said.

Treasury also said that "a primary basis" for Nasreddin's earlier designation was his support for Youssef Nada, co-founder and co-director with Nasreddin of the prominent Bank al Taqwa, and Nasreddin's support for the bank itself. The bank and Nada, who according to the Treasury Department holds a controlling interest, were first designated as financiers of terrorism in November 2001 by the Bush administration and United Nations. They remain on the blacklist.

But now, the department said, Nasreddin "no longer fits the criteria for designation" because he has submitted signed statements to the Office of Foreign Assets Control certifying that he has terminated any business relationships with Nada, Bank al Taqwa, "and any other designated individuals and entities, and that he will have no such dealings in the future."

"In the event that Mr. Nasreddin recommences his support for designated terrorist entities, OFAC will not hesitate to re-designate him," the Treasury statement said.

A senior Treasury official said that Nasreddin's case was not unusual and that other designated terrorist entities and individuals had appealed and won by going through "a very fact- intensive inquiry."

"People are definitely able to get off [the list], and we've done a whole bunch of delistings where the circumstances warrant," said the Treasury official, who spoke on a condition of anonymity because he was not authorized to speak publicly about the designation process.

Nasreddin, 78, could not be reached for comment, but in the past he has denied any connection to terrorism financing.

In official designation papers in 2002, the Treasury Department said it was joining the Italian government in blacklisting Nasreddin, based on evidence gathered by both countries and several other nations.

Nasreddin provided direct support for Nada and Bank al Taqwa, according to the Treasury Department, which also alleged that the bank and other parts of the broader financial group had "long acted as financial advisors to Al Qaeda" through its offices in Switzerland, Lichtenstein, Italy and the Caribbean.

Victor D. Comras, a former State Department official who participated in the global designation of Nasreddin and Nada when he belonged to the United Nations Al Qaeda Monitoring Group, said the statement by the Treasury Department raised more questions than it answered as to why one of the men was being taken off the blacklist after so many years. The decision itself will open the door for other alleged financiers of terrorism to demand that they be let off the hook as well, he said.

"They seem to be saying that he was a bad guy but that he has renounced being a bad guy," said Comras, now an attorney and consultant on terrorism financing. "If that's the criteria, wow, a lot of people will try to get off the list. All they have to do is say, We're not doing it anymore."

1 comment:

Anonymous said...

Based on the following can you kindly remove this post?