Iranian held for $115m sanctions evasion scheme
An Iranian who chairs a Maltese bank has been arrested on US charges that he participated in a scheme to evade US sanctions and funnel more than $115 million (Dh422 million) paid under a Venezuelan construction contract through the US financial system, federal prosecutors said on Tuesday. Ali Sadr Hashemi Nejad, 38, was charged in a six-count indictment filed in federal court in Manhattan accusing him of a role in a scheme to evade US economic sanctions against Iran, prosecutors said. Sadr, chairman of Maltese-registered Pilatus Bank, was ...
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