News / Middle East

US Goes After Iran's Puppet Companies

Map of Iran's nuclear sites
Map of Iran's nuclear sites
VOA News
The United States is upping the pressure on Tehran and its nuclear program, going after what it calls a network of "front companies" designed to benefit Iran's leadership.

U.S. officials Tuesday blacklisted The Execution of Imam Khomeini’s Order, also known as EIKO, and its 37 subsidiaries - a move that allows Washington to freeze any assets held by the Iranian leadership in the U.S.

A statement from the U.S. Treasury Department said EIKO and its subsidiaries "generate and control massive off-the-books investments, shielded from the view of the Iranian people and international regulators."  U.S. officials said the companies make money through the sale of properties and other holdings while also exploiting favorable loan rates from Iranian banks.

U.S. Undersecretary for Terrorism and Financial Intelligence David Cohen described EIKO as a "shadowy network of off-the-books front companies" that make money for Iran's leadership "at the expense of the Iranian people."

Tuesday's action followed an executive order President Barack Obama issued one day earlier, targeting Iran's currency and its auto industry.

White House spokesman Jay Carney said Monday the United States is trying to persuade Iran's leadership to enter into what he called "meaningful negotiations" over its nuclear program.

Tehran denies repeated charges by the U.S. and its allies that Iran is engaged in a secret program to build nuclear weapons. Several rounds of U.S. and international sanctions launched against Iran's economy have cited that government's refusal to comply with international demands and prove its nuclear program is peaceful.

Carney told reporters the U.S. wants a diplomatic solution but that "Iran must understand that time is not unlimited.''

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by: Change Iran Now from: US
June 05, 2013 2:21 AM
The election in Iran is proving that 2009 was a glorious revolution compared to what’s going on now with the arrests of prominent dissidents, the shutdown of news media, the whittling down of eligible presidential candidates from 680 to just 8, the blockade of social media sites, reduction in bandwidth and other human rights violations. But what matters most is that on June 14, nothing will have changed in Iran with a despotic regime headed by Supreme Leader Ali Khamenei still firmly in control and calling the shots.

The secret nuclear weaponry program will continue and the Iranian regime will pursue its ambitions by meddling in Iraq and Syria and Lebanon to set up an Islamic Empire in the region, which will mean more executions in Iran and a major threat for peace and tranquility in the region. The only peaceful solution to this problem is to support change from within Iran. The West needs to help engage and support the main opposition groups such as the National Council of Resistance of Iran (www.ncr-iran.org) and the People’s Mujahedin of Iran (www.mojahedin.org), as well as non-governmental groups such as Amnesty International (www.amnesty.org) in pushing for a peaceful change in the Iranian government.

by: solnaz from: ca
June 04, 2013 10:34 PM
I hate the American Government! no more sanctions on Iran!

by: Hamid al Arabi from: USA
June 04, 2013 3:01 PM
well, its about time the incompetent Obama administration has got its act in gear... next step - unleash the Israelis on the Iranians... Please!!! and let us put an end to this Shia Islamic charade... we put Shia in Iraq and look what that has given us... lies, deceit and a stab in the back... exactly what you would expect from Shias

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