(Kyodo News-Japan) An elite Iranian group is suspected of keeping secret funds in various parts of the world including South Korea and Malaysia, dodging internationally coordinated economic sanctions, sources said Sunday. The U.S. Treasury Department is probing money laundering by the Iranian Revolutionary Guard Corps, with a view to sanctioning another of the group's affiliated companies. Petrosina Arya, a Tehran-based company under the IRGC, allegedly has savings worth more than $1 billion in an account at a major South Korean bank. It also has accounts in Malaysia and former Soviet republics. Iran may be funneling funds to Asian and other countries to evade close monitoring by U.S. and European financial authorities.
2014-05-08 00:00:00Full ArticleBACK Visit the Daily Alert Archive