Elvegard Shipping

ifmat-blackcompanies

ASB Group officials established Marshall Islands-incorporated Elvegard Shipping Ltd. as a front company to facilitate the purchase of the Panamanian-flagged liquefied natural gas tanker Queen Luca for the IRGC-QF

Country:

India  

Status:Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Risk Level:99%

May harm your business future. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action.

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Info:
ASB Group officials established Marshall Islands-incorporated Elvegard Shipping Ltd. as a front company to facilitate the purchase of the Panamanian-flagged liquefied natural gas tanker Queen Luca for the IRGC-QF

Elvegard Shipping Ltd. is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, ASB Group of Companies Limited. The Queen Luca is being identified as property in which Elvegard Shipping Ltd. has an interest.

Kasim Oztas, an ASB Group official and close associate of Ayan, was an interlocutor in deals brokered between Shahriyari and Ayan’s network of companies to illicitly sell millions of barrels of Iranian oil. Oztas directly handles much of Ayan’s business, including organizing the purchase of the Queen Luca through Elvegard Shipping. Oztas has also arranged the transfer of millions of dollars on behalf of the IRGC-QF.

Turkish businessman Sitky Ayan has been involved in Iranian oil trade deals on behalf of Qods Force. Ayan uses business infrastructure under his control, such as companies and accounts at Turkish banks, to complete the deals. By doing this, he camouflages and conceals complex Qods Force activity;

Ayan serves as the director and chairman of the board of the ASB Group of Companies Limited (ASB Group), a Gibraltar-registered holding company for several businesses owned or controlled by Ayan. ASB Group officials have transferred the equivalent of millions of dollars in different currencies for the IRGC-QF. As of 2017, ASB Group agreed to sell crude oil from the National Iranian Oil Company (NIOC). NIOC was designated pursuant to E.O. 13224, as amended, on October 26, 2020, for its support to the IRGC-QF through the provision of Iranian oil for international commercial sales.

Industry:
Shipping Industry

Also Known As:
Elvegard Shipping Ltd

Country:
India

Address:
A-1 Tabassum Fatma, Bargadi Magath, Bakshi Ka Talab, Lucknow, Uttar Pradesh 226201, India
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands

Identification Number IMO:
6258171

Registration Number:
108645 (Marshall Islands)

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 December 8, 2022 pursuant to Executive Order 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, ASB Group of Companies Limited;