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.''

You May Like

As US Strikes Syria, China Sees Parallels at Home

Beijing is debating how much support to give international coalition against IS militants and trying to figure out how many Chinese nationals may have joined group overseas More

CDC: Ebola Could Infect 1.4 M by 2015

US health officials say if efforts to curb the outbreak are not increased, cases will soar dramatically by early next year More

Video USAID Provides $231 Million for Girls Education in 5 Countries

US Agency for International Development partners with celebrities to call attention to importance of education for girls worldwide More

This forum has been closed.
Comment Sorting
Comments
     
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

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
NASA’s MAVEN Probe Enters Mars Orbiti
X
September 22, 2014 9:20 PM
NASA’s newest Mars probe, called MAVEN, has successfully entered its designated orbit around the Red Planet. Scientists will use its sophisticated instruments to try to learn what happened to the atmosphere Mars had a few billion years ago. VOA’s George Putic has more.
Video

Video NASA’s MAVEN Probe Enters Mars Orbit

NASA’s newest Mars probe, called MAVEN, has successfully entered its designated orbit around the Red Planet. Scientists will use its sophisticated instruments to try to learn what happened to the atmosphere Mars had a few billion years ago. VOA’s George Putic has more.
Video

Video For West Ukraine City, Conflict Far Away Yet Near

The western Ukrainian city of Lviv prides itself on being both physically and culturally close to Western Europe. The Russian-backed separatists in the eastern part of the country are 1,200 kilometers away, and seemingly even farther away in their world view. Still, as VOA’s Al Pessin reports, the war is having an impact in Lviv.
Video

Video Saving Global Fish Stocks Starts in the Kitchen

With an estimated 90 percent of the world’s larger fish populations having already vanished, a growing number of people in the seafood industry are embracing the concept of sustainable fishing and farming practices. One American marine biologist turned restaurateur in Thailand is spreading the word among fellow chefs and customers. VOA Correspondent Steve Herman reports from Bangkok.
Video

Video Chinese Admiral Key in China’s Promotion of Sea Links

China’s President last week wrapped up landmark visits to India, Sri Lanka and Maldives, part of a broader campaign to promote a new “Maritime Silk Road” in Asia. The Chinese government’s promotion efforts rely heavily on the country’s best-known sailor, a 15th century eunuch named Zheng He. VOA's Bill Ide reports from the sailor’s hometown in Yunnan on the effort to promote China’s future by recalling its past.
Video

Video Experts Fear Ebola Outbreak ‘Beyond Our Capability to Contain’

Each day brings with it new warnings about the deadly Ebola outbreak already blamed for killing more than 2,600 people across West Africa. And while countries and international organizations like the United Nations are starting to come through on promises of help for those most affected, the unprecedented speed with which the virus has spread is raising questions about the international response. VOA's Jeff Seldin has more from Washington.
Video

Video Natural Gas Export Plan Divides Maryland Town

A U.S. power company that has been importing natural gas now wants to export it. If approved, its plant in Lusby, Maryland, would likely be the first terminal on the United States East Coast to export liquefied natural gas from American pipelines. While some residents welcome the move because it will create jobs, others oppose it, saying the expansion could be a safety and environmental hazard. VOA’s Deborah Block examines the controversy.
Video

Video Difficult Tactical Battle Ahead Against IS Militants in Syria

The U.S. president has ordered the military to intensify its fight against the Islamic State, including in Syria. But how does the military conduct air strikes in a country that is not a U.S. ally? VOA correspondent Carla Babb reports from the Pentagon.
Video

Video Iran, World Powers Seek Progress in Nuclear Talks

Iran and the five permanent members of the U.N. Security Council plus Germany, known as the P5 + 1, have started a new round of talks on Iran's nuclear program. VOA State Department correspondent Pam Dockins reports that as the negotiations take place in New York, a U.S. envoy is questioning Iran's commitment to peaceful nuclear activity.
Video

Video Migrants Caught in No-Man's Land Called Calais

The deaths of hundreds of migrants in the Mediterranean this week has only recast the spotlight on the perils of reaching Europe. And for those forunate enough to reach a place like Calais, France, only find that their problems aren't over. Lisa Bryant has the story.
Video

Video Westgate Siege Anniversary Brings Back Painful Memories

One year after it happened, the survivors of the terror attack on Nairobi's Westgate Shopping Mall still cannot shake the images of that tragic incident. For VOA, Mohammed Yusuf tells the story of victims still waiting for the answer to the question 'how could this happen?'
Video

Video Whaling Summit Votes to Uphold Ban on Japan Whale Hunt

The International Whaling Commission, meeting in Slovenia, has voted to uphold a court ruling banning Japan from hunting whales in the Antarctic Ocean. Conservationists hailed the ruling as a victory, but Tokyo says it will submit revised plans for a whale hunt in 2015. Henry Ridgwell reports from London.
Video

Video A Dinosaur Fit for Land and Water

Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.

AppleAndroid