I had read a while back that the Ayatollah was shipping billions of dollars worth of gold out of the country, but I never knew he had a slush fund for terrorists.
The Iran deal will unchain top ayatollah’s terror slush fund
By Mark Dubowitz and Jonathan Schanzer
August 9, 2015 | 8:00pm
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Ayatollah Ali KhameneiPhoto: Getty Images
Hundreds of bad actors are set to be expunged from the US Treasury’s sanctions list as a result of the Iran nuclear deal signed last month in Vienna. Yet the most high-profile among them has gone strangely unnoticed: the country’s dictator since 1989, Ali Khamenei.
According to the deal, within six to 12 months, Treasury will de-list more than three dozen banks, oil companies and other investments belonging to the Execution of Imam Khomeini’s Order, a k a EIKO. Reportedly worth more than $95 billion, EIKO is controlled by the supreme leader.
EIKO was founded with the mandate of confiscating property from individuals linked to the shah’s system after the Islamic revolution of 1979.
Khamenei broadened the mandate in 1991 to confiscate property from dissidents, too. EIKO officials have included some of Iran’s worst human-rights abusers.
Treasury slapped sanctions on EIKO and its subsidiaries back in June 2013, noting that the purpose of EIKO was “to generate and control massive, off-the-books investments, shielded from the view of the Iranian people and international regulators.”
As one senior Obama administration official noted, Iran’s kleptocrats “profit from a shadowy network of off-the-books front companies . . . the Iranian government’s leadership works to hide billions of dollars in corporate profits earned at the expense of the Iranian people.”
A closer look at EIKO reveals that it maintains a stranglehold on the Iranian economy. The value of EIKO’s real-estate portfolio totals nearly $52 billion. EIKO’s investment arm is worth $40 billion. Its stakes in publicly traded companies total nearly $3.4 billion.
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The Iran deal will unchain top ayatollah s terror slush fund New York Post?
The Iran deal will unchain top ayatollah’s terror slush fund
By Mark Dubowitz and Jonathan Schanzer
August 9, 2015 | 8:00pm
Modal Trigger
Ayatollah Ali KhameneiPhoto: Getty Images
Hundreds of bad actors are set to be expunged from the US Treasury’s sanctions list as a result of the Iran nuclear deal signed last month in Vienna. Yet the most high-profile among them has gone strangely unnoticed: the country’s dictator since 1989, Ali Khamenei.
According to the deal, within six to 12 months, Treasury will de-list more than three dozen banks, oil companies and other investments belonging to the Execution of Imam Khomeini’s Order, a k a EIKO. Reportedly worth more than $95 billion, EIKO is controlled by the supreme leader.
EIKO was founded with the mandate of confiscating property from individuals linked to the shah’s system after the Islamic revolution of 1979.
Khamenei broadened the mandate in 1991 to confiscate property from dissidents, too. EIKO officials have included some of Iran’s worst human-rights abusers.
Treasury slapped sanctions on EIKO and its subsidiaries back in June 2013, noting that the purpose of EIKO was “to generate and control massive, off-the-books investments, shielded from the view of the Iranian people and international regulators.”
As one senior Obama administration official noted, Iran’s kleptocrats “profit from a shadowy network of off-the-books front companies . . . the Iranian government’s leadership works to hide billions of dollars in corporate profits earned at the expense of the Iranian people.”
A closer look at EIKO reveals that it maintains a stranglehold on the Iranian economy. The value of EIKO’s real-estate portfolio totals nearly $52 billion. EIKO’s investment arm is worth $40 billion. Its stakes in publicly traded companies total nearly $3.4 billion.
Continue reading at:
The Iran deal will unchain top ayatollah s terror slush fund New York Post?
