Info:
Shahed Investment Company is being owned or controlled by the Martyr and Veterans Affairs Foundation;
The Shahed Investment Company is major economic arm of the organization that is publicly traded and heavily involved in the real estate and construction sectors;
The original shareholders of the Day insurance company namely are Kosar Economical Organization 20%, Shahed Investment Company 20%, Ray Investment Company and its subdirectory 18/25%, Alborz Investment Company15%, Bassijian Good Loan Fund 5%, Pars Oil Company 5%,Tadbir Investment Company 3/25, Athlete Credit Fund of Iran 1/5 and other legal and real shareholders 12%;
The U.S. Department of the Treasury designated the Martyrs Foundation on July 24, 2007 under Executive Order 13224. Designations under E.O. 13224 freeze any assets the designees may have under U.S. jurisdiction and prohibit transactions by U.S. persons with the designees. In its statement, Treasury said, “The Martyrs Foundation is an Iranian parastatal organization that channels financial support from Iran to several terrorist organizations in the Levant, including Hizballah, Hamas, and the Palestinian Islamic Jihad (PIJ);
Industry:
Investment
Country:
Iran
Address:
Tehran, Iran
Reason for the color:
» U.S. should sanction the new head and businesses of Iran’s Martyrs Foundation;