Billion-Dollar Sanctions-Busting Scheme Aided Iran

(Washington Post) Souad Mekhennet and Joby Warrick - Investigators have uncovered evidence of a multibillion-dollar corruption scheme by a Persian Gulf bank that secretly helped Iran evade sanctions for more than a decade. Records from a Bahraini government audit reveal that the now-closed Future Bank - a joint venture partly owned by two of Iran's largest lenders - routinely altered financial documents to mask at least $7 billion in illicit trade between Iran and dozens of foreign partners between 2004 and 2015.


2018-04-04 00:00:00

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