EU to delist IRGC subsidiary in Iran dealJuly 28, 2015
One of several poison pills in the pages of the nuclear agreement with Iran is an offer to lift sanctions on an Iranian construction company controlled by the Islamic Revolutionary Guard Corps (IRGC). The maneuver would enrich the IRGC front company and strengthen the IRGC’s political and economic stranglehold over public life in Iran. Money made by the construction company will also be funneled into terrorism by the IRGC. From Ali Alfoneh of the Foundation for Defense of Democracies (h/t @skinroller):
EU Delisting of IRGC Construction Giant Will Boost Terror Financing
The Iran nuclear deal signed July 14 stipulates that eight years after its implementation, the European Union will delist a construction conglomerate owned by the Islamic Revolutionary Guard Corps (IRGC). In so doing, the EU will inject a massive cash flow into one of the IRGC’s other primary industries: terrorism.
Khatam al-Anbia (literally, “Seal of the Prophets”) was born as an IRGC engineering corps during the Iran-Iraq War (1980-1988), building trenches and fortifications. Since then, it has developed into the largest contracting company in Iran – potentially even the country’s largest firm outright – benefitting from government contracts on a no-bid basis. Its projects now include developing Iran’s massive South Pars gas field, building a pipeline to Pakistan, and a Tehran metro line, to name a few.
In 2010, the U.S. Treasury sanctioned the conglomerate, citing declassified intelligence that the profits from its activities “support the full range of the IRGC’s illicit activities, including WMD proliferation and support for terrorism.”
The demise of Hassan Shateri, the head of Khatam al-Anbia’s Lebanon branch, is a case in point. On February 12, 2013, Shateri was killed while accompanying an arms convoy en route from Syria to Lebanon – allegedly in an airstrike by Israeli jets. Details soon emerged that he was heading efforts to replenish Hezbollah’s missile arsenal and its launch sites along the Israeli border. Shateri, reports revealed, was actually a commander of the Quds Force, the IRGC external arm responsible for “exporting the revolution” worldwide…