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[Financial Times-UK] Najmeh Bozorgmehr and Gareth Smyth - Among sanctions against Iran in the draft UN Security Council resolution are measures targeting the Iranian Revolutionary Guards, an elite military force with wide economic interests. Business makes up about 30% of the Guards' operations, according to an interview given last year by Brig.-Gen. Abdol-Reza Abed, the IRGC's deputy commander and head of Khatam-ol-Anbia, one of its many companies. A former senior official estimated the IRGC had annual earnings of about $1b., and that this would rise to $1.5 or $2b. with new projects agreed upon since the election two years ago of President Mahmoud Ahmadinejad. 2007-03-16 01:00:00Full Article
Iranian Military Force Finds Its Wealth Under Attack
[Financial Times-UK] Najmeh Bozorgmehr and Gareth Smyth - Among sanctions against Iran in the draft UN Security Council resolution are measures targeting the Iranian Revolutionary Guards, an elite military force with wide economic interests. Business makes up about 30% of the Guards' operations, according to an interview given last year by Brig.-Gen. Abdol-Reza Abed, the IRGC's deputy commander and head of Khatam-ol-Anbia, one of its many companies. A former senior official estimated the IRGC had annual earnings of about $1b., and that this would rise to $1.5 or $2b. with new projects agreed upon since the election two years ago of President Mahmoud Ahmadinejad. 2007-03-16 01:00:00Full Article
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