Bahman Group

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

Info:
Bahman Group is owned by the designated IRGC Cooperative Foundation;

Bahman Group is 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 10.16.2018 pursuant to Executive Order 13224, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Andisheh Mehvaran Investment Company;

Andisheh Mehvaran Investment Company is designated by OFAC pursuant to E.O. 13224 for being owned or controlled by Iran Zink and Mines Development Company, and also for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, IZMDC;

Bonyad Sepah manages to maintain a commanding, yet clandestine, influence on the Iranian economy is that of the Bahman Group, one of the prominent car manufacturers in Iran;

The group’s main activities concentrate in the automotive industry, it is a licensed vehicle manufacturer of the following brands: Mazda, Isuzu, Faw, ZXAUTO, Tmec;

Among its clients in Iran, the group has contracts with government ministries as well as the armed forces (army as well as IRGC);

Also, the group through its subsidiary, ParsBoschung, provides and installs multipurpose machinery used for road and airport maintenance;

Among ParsBoschung’s business partners, are various European companies such as the Swiss Company Boshung (which also owns 3.625% of ParsBoschung’s shares ), Italian companies such as: OFTMB, ETD, AMCO VEBA, ASSALONI, Turkish Companies such as: HYDROMAC and French companies such as: ACOMETIS;

Bahman Group is also active in the telecommunications and energy sectors;

Industry:
Holding Company

Established:
1952

Country:
Iran

Website:
www.bahmangroup.com

Person of interests:
Kharazmi, Ghadir

Reason for the color:
» Bahman Group is 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 10.16.2018 pursuant to Executive Order 13224, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Andisheh Mehvaran Investment Company;
» Bahman Group is a Tehran-based manufacturing conglomerate 45.5% owned by the designated IRGC Cooperative Foundation

You May Be Interested