Lebanon assesses damage after wave of Israeli strikes on Hezbollah-run financial institution

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Lebanon assesses damage after wave of Israeli strikes on Hezbollah-run financial institution
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BEIRUT (AP) — Lebanese were surveying the damage on Monday after overnight Israeli strikes hit nearly a dozen branches of a Hezbollah-run financial institution that Israel says is used to fund attacks but where many ordinary people keep their savings.

Associated PressBEIRUT — Lebanese were surveying the damage on Monday after overnight Israeli strikes hit nearly a dozen branches of a Hezbollah-run financial institution that Israel says is used to fund attacks but where many ordinary people keep their savings.branches in the southern neighborhoods of Beirut, across southern Lebanon and in the Bekaa, where Hezbollah has a strong presence. One strike flattened a nine-story building with a branch inside it.

He said Hezbollah stores hundreds of millions of dollars in the branches, without providing evidence, and that the strikes were aimed at preventing the group from rearming. Bulldozers were clearing mounds of rubble on Monday at the site of one of the strikes. Clothes, furniture and the remains of a beauty salon poked out among the debris. Al-Qard al-Hassan documents were scattered across the area, but there was no sign of cash or other valuables.

Its name in Arabic means “the benevolent loan,” and Hezbollah has used it to entrench its support among the Shiite population in a country wherein recent years. Still, many of its customers are civilians unaffiliated with Hezbollah.

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