"Notwithstanding the fact that Arab Bank, Qatar National Bank and Mitsui were duly advised that, in Petsec’s opinion, the claim was illegitimate, Petsec Energy has been advised that Arab Bank and Qatar National Bank (QNB), both located in Sana’a, both acted on the claim."
So Petsec had money in the bank and it was taken out without Petsec's authority and paid to the Houtis -what an evil banking system , no wonder the country is screwed , the country deserves all it gets , they have no regard for decency or getting themselves out of the crap they are in via utilising their resources to make foreign earnings
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"Notwithstanding the fact that Arab Bank, Qatar National Bank...
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