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World
Yemen's Central Bank in Aden warns citizens and companies not to participate in any transactions involving bank assets in Houthi-controlled areas.
Citizens, companies, and corporate entities have been warned by Yemen's Central Bank in the interim capital of Aden against any involvement in transactions targeting the assets of banks and financial institutions in areas under Houthi control. The warning, issued Saturday, specifically targets property and movable assets being promoted or handled by what the bank deems illegitimate authorities.
The bank's statement declared that advertisements from the so-called "Specialized Primary Criminal Court" in Sanaa, which announced public auctions for large plots of land owned by the International Islamic Solidarity Bank in the Hizez and Al-Sawad areas of Sanaa province, are issued by an illegitimate body. It asserted that any actions or procedures aimed at the assets of banks and financial institutions—including attempts to sell, seize, confiscate, or transfer ownership through entities under the control of militias classified as terrorist—are unlawful.
According to the statement, all contracts, sale agreements, mortgages, ownership transfers, or any legal actions resulting from these invalid auctions or procedures are considered legally void and will not be recognized by any official or legitimate judicial authorities inside or outside the Republic of Yemen. The bank emphasized that these actions originate from bodies lacking legal jurisdiction and authority.
The Central Bank warned that participation in these auctions, mediation, facilitation, or benefiting from them, whether directly or indirectly, exposes those involved to full legal accountability. It stated that such individuals risk being placed on local and international sanctions lists as supporters or collaborators with entities classified as terrorist, and bear full responsibility for any loss of rights or funds paid to these illegitimate bodies.
The statement reiterated that the Central Bank and all concerned banks and financial institutions retain their full legal rights to prosecute anyone proven to be involved in any actions affecting the assets of the Yemeni banking sector. It affirmed that necessary legal measures will be taken locally and internationally to protect the rights of depositors and shareholders and to safeguard private property.
The bank called on everyone to exercise extreme caution and not be misled by these deceptive and illegal announcements, which it said aim to loot the assets of the Yemeni banking sector and harm the interests of depositors and financial and economic stability. The warning follows a Houthi militia announcement regarding the sale of real estate properties belonging to the International Islamic Solidarity Bank and former President Abdrabbuh Mansur Hadi in Sanaa.
