The Israel Defense Forces (IDF) and Shin Bet announced on Tuesday that Subhi Farwanah, the alleged Hamas financier, met his demise in a recent airstrike in southern Gaza, near Rafah.
Farwanah played a pivotal role as the primary figure responsible for fundraising and currency exchange activities supporting the Hamas group.
According to a joint statement by Israeli security forces, Farwanah and his brother were instrumental in channeling funds critical to Hamas. The funds, originating from Iran and various Arab countries, were transferred through money exchanges operated by the brothers.
The statement highlighted that the financial operations led by the Farwanah brothers aimed to undermine international financial systems, facilitating the covert transfer of funds to Hamas. Over the past few years, the brothers reportedly funneled thousands of million dollars to support the activities of Hamas, contributing to the group's financial stability.
(With Agency Inputs)
ALSO READ | Mediatory Talks Between Israel and Hamas on Hostage Release Hit Roadblock
ALSO READ | Israel Greenlights Reopening of Gaza Crossing for Aid Entry
