Terror bankrollers bombed for stiffing al-Shabaab

Money Jihad 25 April 2013

The Somali-based Dahabshiil money transfer company normally pays the terrorist group al-Shabaab half a million dollars annually, according to a new report from the Dutch-Somali Suna Times. This year, however, due to sagging business, Dahabshiil could only afford to offer al-Shabaab $100,000. Al-Shabaab threatened to attack the financial institution if payment wasn’t made in full, and followed through on the threat by bombing Dahabshiil’s offices in Mogadishu on April 2.

This version of events differs from the explanation by the bank and Reuters that the Dahabshiil was being threatened by al-Shabaab for working with international aid agencies.

On its website, the Suna Times displays documents showing money transfers to the current emir of al-Shabaab. The documents came from whistle-blowers at a separate website called WaagaCusub. These reports may reinforce the claims of two East African musicians who say they have received death threats for singing about Dahabshiil’s role in financing terrorism (accusations which legal counsel for Dahabshiil has previously contacted Money Jihad to deny). (continue reading...)