Sepah Investment Company is owned and controlled by Bank Sepah. Bank Sepah is designated on November 5, 2018, pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, MODAFL. As of 2017, Bank Sepah served as a financial platform for MODAFL to pay its agents abroad.
Also Mehr Investment Company owns 4.45% of Sepah Investment Company shares. Mehr Investment Company is owned or controlled by Mehr Bank entity owned by The Basij Resistance Force.
Income from Sepah Investment Company, regime uses to sponsor terrorist organizations, terrorist attacks, building weapons of mass destruction and making weapons to threaten other countries.
According to the official website of Sepah Investment Company their shareholders are:
1. Omid Investment Company – 67.76%
– Owned and controlled by Bank Sepah;
2. Mehr Investment Company – 4.45%
– Owned and controlled by The Basij Resistance Force;
3. Development of Omid Mining Industries – 4.10%
4. Group of Rasta Economic Development Group – 3.46%
5. Mobin Kosar Strategy Group – 1.87%
6. Iranian National Investment Company – 1.49%
7. Workers’ Welfare Bank – 1.11%
8. Newly Innovated Non-Governmental Bank – 1.05%
9. Other legal shareholders – 6.40%
10. True shareholders – 6.30%
