On 27th June, the Washington Examiner carried an article saying that the Trump administration’s sanctions against Iran reinstate an embargo on some of Supreme Leader Ali Khamenei’s front companies that President Barack Obama lifted. It claims that Khamenei oversees a vast network of corporate and financial assets. The 3 most valuable organizations in Khamenei’s financial network are said to be the Execution of Imam Khomeini’s Order (also known as EIKO, or Setad in Farsi), the Mostazafan Foundation, and Astan Quds Razavi. The regime consolidated these bonyads, Farsi for “foundations,” in the aftermath of the 1979 Islamic Revolution. Officially, the bonyads serve as the equivalent of not-for-profit organisations, but are said to act as fronts for massive holding companies and are run by officials handpicked by Khamenei.
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