Info:
Euler Hermes has been providing (since 2017) credit (LC) to European firms wishing to trade with Iran, through a sanctioned Iranian Bank of Industry and Mine;
Euler Hermes board members receives bribe meant to compensate for the very high risk of trading with Iran. These extra payments are being transferred by Mr. Naser Anzalichi a senior associate at Top EMC – a trade management and market research company located in Tabriz, Iran;
Country:
Iran
Reason for the color:
» Senior Euler Hermes board members are taking bribe from Iranian bank to cover risk of trading with Iran;