Corruption Currents: Iranian Banks Refuse Revolutionary Guard-Linked Clients.
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| A motorcyclist passes a Bank Mellat bank branch in Tehran, Iran, on Aug. 22, 2015.PHOTO: BLOOMBERG NEWS |
Report: Iran banks decline to work with Guard-linked firms
By The Associated PressSeptember 3, 2016 11:27 am
Corruption Currents: Iranian Banks Refuse Revolutionary Guard-Linked Clients.
TEHRAN, Iran (AP) — An Iranian newspaper says two leading banks have refused to work with companies affiliated with the Revolutionary Guard.
The hard-line Kayhan daily on Saturday reported that private Bank Mellat refused to transfer foreign currency last month for the Guard-affiliated Khatam al-Anbia, the largest contractor of government construction projects in Iran. It says state-run Bank Sepah refused to issue a letter of guarantee for a firm affiliated to Khatam al-Anbia.
Both banks reportedly cited international sanctions on the companies, without elaborating. The banks could not be reached for comment...
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