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Iran Evades Sanctions Via Secret Network of Over 5,000 Companies
A Reuters investigation, aided by 240 Analytics, uncovered a secret network of over 5,000 Iranian companies, all beginning with "MOD," that bypasses sanctions to import military hardware.
2 newsrooms · 1 language · since
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What happened
- 01Iran uses a secret network of over 5,000 "MOD" companies to bypass sanctions and import military supplies.
- 02The network has imported at least $2 billion in military hardware, explosives, and trucks since January.
- 03Entities share a common address and founding date, but most were established in 2013 to evade sanctions.
- 04The network reportedly uses proceeds from illicit oil sales and avoids currency transfers to bypass detection.
- 05Imports include rocket fuel precursors, military trucks, and titanium, raising security concerns.
- 06A massive port explosion killed 70 people shortly after a shipment of Chinese chemicals arrived.
This network has imported at least $2 billion in military supplies since January, utilizing shell companies and cash transactions to avoid detection. The imports include chemicals for rocket fuel, military trucks, and titanium, raising concerns about their use in Iran's military programs and potential links to recent incidents. U.S. officials maintain they are ahead of Iran's evasion tactics.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- RightNone
- Haredi2
- ArabNone
How it broke
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