Info:
He was owner and chairman of the 2019 defunct Pilatus Bank in Malta and is under arrest in the US. Pilatus Bank owner Ali Sadr Hasheminejad has been convicted of breaching United States sanctions against Iran, after a two-week trial by jury. With a judge yet to carry out sentencing, Hasheminejad was found guilty of five counts, the highest of which carries a 30-year prison sentence;
Ali Sadr Hashemi Nejad, was involved in efforts to evade US sanctions on Iran. He allegedly conspired to funnel millions of dollars through the US financial system under a Venezuelan construction contract. According to a Manhattan-based US Attorney, “Nejad created a network of front companies and foreign bank accounts to mask Iranian business dealings in Venezuela and evade US sanctions.”;
Ali Sadr Hashemi Nejad was arrested for his alleged involvement in a scheme to evade U.S. economic sanctions against Iran, to defraud the United States, and to commit money laundering and bank fraud. SADR was charged with participating in a scheme in which more than $115 million in payments for a Venezuelan housing complex were illegally funneled through the U.S. financial system for the benefit of Iranian individuals and entities;
In August 2004, the Governments of Iran and Venezuela entered into an agreement (the “Agreement”), whereby they agreed to cooperate in certain areas of common interest. The following year, both governments supplemented the Agreement by entering into a Memorandum of Understanding regarding an infrastructure project in Venezuela (the “Project”), which was to involve the construction of thousands of housing units in Venezuela;
The Project was led by Stratus Group, an Iranian conglomerate controlled by SADR and his family with international business operations in the construction, banking, and oil industries. In December 2006, Stratus Group incorporated a company in Tehran, which was then known as the Iranian International Housing Corporation (“IIHC”). IIHC was responsible for construction for the Project. Thereafter, IIHC entered into a contract with a subsidiary of a Venezuelan state-owned energy company (the “VE Company”), which called for IIHC to build approximately 7,000 housing units in Venezuela in exchange for approximately $475,734,000. Stratus Group created the Venezuela Project Executive Committee to oversee the execution of the Project. SADR was a member of the committee and was responsible for managing the Project’s finances;
In connection with his role on the Project, SADR took steps to evade U.S. economic sanctions and to defraud U.S. banks by concealing the role of Iran and Iranian parties in U.S. dollar payments sent through the U.S. banking system. For example, in 2010, SADR and a co-conspirator used St. Kitts and Nevis passports and a United Arab Emirates address to incorporate two entities outside Iran that would receive U.S. dollar payments related to the Project on behalf of IIHC. The first entity, Clarity Trade and Finance (“Clarity”), was incorporated in Switzerland, and the second, Stratus International Contracting, J.S., a/k/a “Stratus Turkey,” a/k/a “Straturk,” was incorporated in Turkey. Stratus Turkey and Clarity were both owned and controlled by SADR and his family members in Iran. SADR then opened U.S. dollar bank accounts for Clarity and Stratus Turkey at a financial institution located in Switzerland;
Thereafter, SADR and others conducted a series of international financial transactions using Clarity and Stratus Turkey for the benefit of Iranian parties in a manner that concealed the Iranian nexus to the payments, in violation of U.S. economic sanctions. Specifically, between April 2011 and November 2013, the VE Company, at the direction of SADR and others, made approximately 15 payments to IIHC through Stratus Turkey or Clarity, totaling approximately $115,000,000;
SADR and others directed that payments be routed through banks in the United States to Stratus Turkey’s or Clarity’s bank accounts at the financial institution in Switzerland. The majority of the funds were then transferred to another offshore entity located in the British Virgin Islands, which had been incorporated by SADR and others in 2009. In addition, on February 1, 2012, Clarity wired more than $2,000,000 of proceeds from the Project directly into the United States. Those proceeds were then used to purchase real property in California;
SADR, 38, of Iran, is charged with one count of conspiracy to defraud the United States, one count of conspiracy to violate the IEEPA, one count of bank fraud, one count of conspiracy to commit bank fraud, one count of money laundering, and one count of conspiracy to commit money laundering;
Also Known As:
Sadr
Ali Sadr
Seyed Ali Sadr Hasheminejad
Country:
Iran
Address:
United States
Born:
9 February 1980 (age 40) Tehran, Iran
Reason for the color:
» Iranian National Arrested For Scheme To Evade U.S. Economic Sanctions By Illicitly Sending More Than $115 Million From Venezuela Through The U.S. Financial System ;