Tuesday, September 15, 2015

Is Iran's Supreme Leader Also The Country's Richest Person?

Iranian demonstrators carry posters depicting Iran's Supreme Leader Ayatollah Ali Khamenei and late Iranian leader Ayatollah Khomeini during a rally marking al-Quds (Jerusalem) Day in Tehran July 10, 2015. REUTERS/STRINGER/TIMA

Reuters: Conglomerate controlled by Iran's supreme leader a winner from nuclear deal

The historic nuclear deal reached between Iran and major world powers has yet to be implemented, but one clear winner has emerged: Iran's highest authority, Supreme Leader Ayatollah Ali Khamenei.

Khamenei has yet to publicly back the accord, which lifts some sanctions on Iran in return for limits on its nuclear program. But he does stand to benefit, thanks to his close control of one of the most powerful and secretive organizations in Iran -- "Setad Ejraiye Farmane Hazrate Emam," or Setad.

The deal, which is likely to go into effect after clearing a major Congressional hurdle last week, lifts U.S. secondary sanctions on Setad and about 40 firms it owns or has a stake in, according to a Reuters tally based on annexes to the deal.

Previous Post #1: Iran's Revolutionary Guards To Benefit Greatly From Sanctions Relief (August 9, 2015)
Previous Post #2: Supreme Leader Ayatollah Ali Khamenei's Business Empire Is Thriving In Sanctioned Hit Iran (November 13, 2015).

WNU Editor: Reuters has been covering the business empire of Iranian Supreme leader Ayatollah Ali Khamenei for the past two years .... and always revealing the enormous wealth of someone who should not be that wealthy. The lifting of sanctions is going to precipitate a boom in Iran .... and naturally .... the many companies that he controls and owns are probably going to benefit enormously.

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