Exclusive: Iran uses China bank to transfer funds to Quds-linked companies – report


  • World
  • Wednesday, 19 Nov 2014

A general view of the Central Bank of Iran building in Tehran January 23, 2006. REUTERS/Morteza Nikoubazl

NEW YORK/LONDON/SHENZHEN (Reuters) - There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled "Fragrant Villa" apartment complex in this southern Chinese city. The building's managers say they’ve never heard of it.

    But a Western intelligence report reviewed by Reuters says Shenzhen Lanhao is one of several companies in China that receives money from Iran through a Chinese bank. Such transfers help to finance international operations of the Islamic Revolutionary Guards Corps' elite Quds Force, the report said. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Ukraine's Zelenskiy visits frontline Donetsk region
Trump uses hush money trial to squeeze small donors, court big spenders
Trump's Stormy Daniels payoff trial hinges on his intent
Lawyers aim to wrap up jury selection in Trump criminal trial
Russia's Shoigu says tank production is booming
G7 identified "specific steps" to help Ukraine, Kuleba says
US ‘swatting’ pranks stoke alarm in election year
Tech neck is a pain in more than just the neck
Ukraine says it took down Russian Tu-22M3 strategic bomber
Finland says EU should help end migrant influx from Russia

Others Also Read