According to the official website of Foolad Paya Engineering, their shareholders are entities controlled by the Iran Regime and they are designated by the U.S. Treasury Department
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Foolad Paya Eng. Co. – Involved In
ASCOTEC – Operational Scheme
ASCOTEC - Operational Scheme, Operating methods of Iranian Regime dark networks
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Foolad Paya Has been affiliated with AscoTec
Foolad Paya Has been affiliated with AscoTec
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Ascotec is involved in the procurement of goods for Iran missile program
On the 3rd of August, the US-Treasury put 21 several Iranian companies on their sanctions list. Nine of them based in Germany.
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