Info:
Bonyad Taavon Sepah is formed by the Commanders of the IRGC to structure the IRGC’s investments and it is controlled by the designated IRGC;
IRGC (Iran Revolutionary Guard Corps) is military organization in Iran, considered separate from the regular armed forces, it’s main activity is supplying weapons, money and missiles to terrorist organizations, destabilize other countries, involved in planning and support for terrorist acts and groups, personnel of IRGC is sanctioned for missile and nuclear proliferation activities;
Bonyad Taavon Sepah’s Board of Trustees is composed of nine members, of whom eight are IRGC members:
The nine-member Board of Trustees is comprised of the IRGC Commander in Chief (chairman), Supreme Leader’s representative to the IRGC, Basij commander, IRGC Ground Forces commander, IRGC Air Force commander, IRGC Navy commander, head of the IRGC Information Security Organization, a senior IRGC officer from the Armed Forces General Staff, and a senior IRGC officer from the Ministry of Defense Armed Forces Logistics (MODAFL);
Bonyad Taavon Sepah formed Ansar Bank and Mehr Bank, wholly-owns Kesht va Sanaat Shadab Khorasan, Khadamat Havai Pars, and Maede;
Subsidiaries reportedly include the Tawse’e-ye E’temad and the Shahriar-e Mehestan investment companies and owns and controls: Iran Mobin Mutual Trust Consortium, Iran Saphire Buttercup Desert Company, Iran Kasht Company, Mehr Bank, Esfahan Metallurgy Company, Ghadir Investment Company, Iran Prefabricated Structures Engineering Consulting Company, Baharizad Pashmebafi Company, Baharan Company, Zagros Steel Company, Tehran Gostaresh Company, Iran Navid Bahman Company, Telecommunications Company of Iran, Iran Kosaran Institute, Iran Bama Exchange Company, Iran Rahmian Kamil Business Consulting Institute, Iran Maideh Food Company
Iran Nasr Gostar Telecommunications and Electronic Wave Company, Kermanshah Petrochemical Company, Khorasan Shadab Industries, SAIPA Corporation, Iran Atlas Kish Business and Engineering Company, Meteorite Mineral Industries Company, Sepahan Housing Complex Company, Iran Chaharmahal va Bakhtiari Leven Foods Company, Iran Logistics Optimizing Engineering Company, Iran Ferdows Institute, Pars Air Services Company, Iran Bahrestan Kish Company, Iran Environmental Ideas and Engineering Company, Iran Shahriyar Mahestan Company, Saberin Horizon Development Engineering, Al Ghadir Institute, Ansar Bank, Bahman Group;
Owns equity stakes in Bahman Group (45%) and Kermanshah Petrochemical Plant (25%), affiliated with the Sabrin Horizon Development Engineering Company, which reportedly imports satellite jamming devices;
According to the U.S. Treasuy Department on: January 23, 2023:
Treasury Sanctions the IRGC Cooperative Foundation and Senior Iranian Officials Connected to Protest Suppression
The IRGC Cooperative Foundation is an economic conglomerate established by senior IRGC officials to manage the group’s investments and presence in numerous sectors of the Iranian economy, including manufacturing and construction. The IRGC Cooperative Foundation serves as a slush fund for the IRGC’s personnel and their business interests. Though ostensibly established to support IRGC service members, the IRGC Cooperative Foundation has morphed into a wellspring of corruption and graft, perpetrated by senior members of the organization. IRGC Cooperative Foundation funds have likewise supported the IRGC’s military adventures abroad, including into the pockets of militant groups associated with the IRGC’s external operations arm, the IRGC-Qods Force.
With national protests in their fourth month, the IRGC continues to aggressively crack down on peaceful demonstrations and has played a leading role in suppressing protests through extensive human rights abuses.
The IRGC Cooperative Foundation is being designated pursuant to E.O. 13553 for being owned or controlled by, directly or indirectly, the IRGC. The IRGC Cooperative Foundation was previously designated pursuant to counterterrorism and non-proliferation authorities.
Ali Asghar Norouzi (Norouzi) serves as the chairman of the IRGC Cooperative Foundation’s board of directors. In his position as a senior IRGC officer, Norouzi has played a crucial role in facilitating the transfer of funds and weapons to regional proxies in the Middle East.
Seyyed Amin Ala Emami Tabatabai (Tabatabai) serves as vice chairman of the IRGC Cooperative Foundation’s board of directors and its managing director.
Ahmad Karimi (Karimi), Yahya Ala’oddini (Ala’oddini), and Jamal Babamoradi (Babamoradi) all serve on the IRGC Cooperative Foundation’s board of directors.
Norouzi, Tabatabai, Karimi, Ala’oddini, and Babamoradi are being designated pursuant to E.O. 13553 for having acted or purported to act for or on behalf of, directly or indirectly, the IRGC Cooperative Foundation.
Known as:
Bonyad-e Ta’avon-e
IRGC Cooperative Foundation
Sepah Cooperative Foundation
Established:
1986
Country:
Iran
Address:
Niayes Highway, Seoul Street, Tehran, Iran
Person of interests:
Mehrdad Bazrpash (Deputy Director);
Parviz Fattah;
Articles/Reports:
Bonyad Taavon Sepah – Report
Bonyad Taavon Sepah – Operational Scheme
Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on January 23, 2023 pursuant to Executive Order 13553 for being owned or controlled by, directly or indirectly, the IRGC. The IRGC Cooperative Foundation was previously designated pursuant to counterterrorism and non-proliferation authorities;
» Listed by the European Union on May 23, 2011 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems;
» On December 21, 2010, added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC);