Houthi militia places investor under house arrest to force him into relinquishing his assets.

Houthi Militia Enforces House Arrest on Investor to Coerce Business Takeover

The Houthi militia continues to impose house arrest on investor Abdulaziz Saleh Saeed Al-Lakimi in his home in Sana’a. He has faced confinement for several months following his abduction and the armed seizure of his marble and granite extraction project in the Al-Qafr district of Ibb Governorate.

Deteriorating Health of the Investor

Local sources report that Al-Lakimi’s health has sharply declined due to ongoing pressure and intimidation. The militia aims to force him to relinquish 70% of his project to prominent Houthi leader Yahya Abdullah Al-Razami. Previously, Al-Razami attempted to impose a coercive partnership and demanded “protection fees” for the project, despite Al-Lakimi holding official licenses.

Significant Investment and Serious Consequences

Al-Lakimi invested approximately 200 million riyals to equip the factory and initiate production. However, the militia stormed the site and detained him in their security and intelligence facilities. This arrest resulted in a stroke and heart complications, severely impacting his mental and physical health.

Ongoing Violations and Commercial Extortion

Although Al-Lakimi was later released, the militia maintains strict security surveillance over his home in the Sa’wan neighborhood. They continue to extort his other business activities while ignoring his complaints. This incident is part of a broader pattern of violations and extortion tactics employed by the Houthi militia against investors and businesspeople in areas under their control.

This situation has prompted many investors to leave the country and relocate their investments abroad, posing a serious threat to the national economy and signaling dire consequences for the country’s development.

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