Iran Foreign Investment Company (IFIC) – Report #2

Iran Foreign Investment Company (IFIC) Operating Freely in Germany

# Overview

IFIC (Iranian Foreign Investment Company), was established in 1997 as a subsidiary of the Iranian Ministry of Economic Affairs and Finance. The Company was established in order to manage and expand Iran’s holdings abroad. Initially, IFIC also acted as the investment arm of the “Oil stabilization Fund” (a fund created to invest Iran’s oil revenues). The fund is today known as the “National Development Fund”.

IFIC has interests in various fields such as: energy, telecom and IT, banking, insurance, stock markets, industry, mining, oil, gas and petrochemicals, as well as new and future technologies. The Company currently holds interests in countries worldwide including Germany, Egypt, Jordan, Yemen, Namibia, Oman, United Arab Emirates and Sudan.

Iran Foreign Investment Company owns shares in: IFIC Holding AG, Amin Reinsurance Company, Sabafon, Rössing Uranium Mine, Misr Iran Development Bank, Taageer Finance (aka Taageer Leasing), Pair Investment Company, Housing Bank, ICD (Islamic Corporation for the Development of the Private Sector), GfH Capital (formerly known as Injazat Capital), ThyssenKrupp Marine Systems GmbH, British Petroleum, Adidas, Siemens, Enterprise Vaccinopole, Metalurgica Campo Limpo, South Isfahan Power Plant FZCO, IPM Industries, Sudatel, Miratex Egypt (aka Misr Iran Textiles), Lacto Misr.

On March 8, 2010, IFIC and its holding Company, Ihag (based in Dusseldorf, Germany) were designated by OFAC. It has since been taken off the list in wake of the signing of the nuclear agreement. Regarding Germany, IFIC and its subsidiaries companies IFIC holdings GmbH and IHAG GmbH, both located in Dusseldorf Germany serves a major role in the Iranian foreign trade network. Despite being a regime-owned company, IFIC Holding and its subsidiary IHAG Trading are incorporated in Germany.

IFIC – General InfoIFIC Holding General InfoIFIC – Exclusive NewsIFIC & ASCOTEC – Report

# Info

IFIC Holding status is still active and continues to work in Germany and other countries. According to its own website, IFIC’s main role is to attract and conduct foreign direct investment on behalf of the Iranian government. Moreover, the company does not only invest on behalf of the Iranian government, it also invests funds of companies directly owned by Iran’s Supreme Leader, Ali Khamenei.

ifmat - IFIC Holding AG - Active

According to their financial report, despite U.S. sanctions they continue its payment obligations at all times:

“On November 5, 2018, the United States approved the sanctions against Iran under the Joint Comprehensive Plan of Action (JCPOA) had been repealed, completely reimposed. The US sanctions are aimed at important sectors of the Iranian economy such as Energy, shipping and shipbuilding, and against the financial sector. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) a guideline on the newly imposed sanctions has been published on its website. As part of the re-imposition of the US sanctions against the Iranian government, OFAC on November 5, 2018 more than 700 people, Corporations, planes and ships sanctioned. IHAG was also affected by these sanctions. Finally, the US President imposed further sanctions on Iran in a government ordinance from June 2019. According to this regulation the State Secretary is empowered to impose sanctions on a foreign financial institution if he finds that the foreign financial institution knowingly conducted or facilitated a material financial transaction for or on behalf of any person, their property and property rights are restricted. IHAG is one of these companies and therefore financial institutions have prevented certain financial transactions with or from IHAG, including paying dividends from large investments. In addition, the shares held as of December 31, 2018 cannot currently be traded without restrictions. Despite these sanctions, the company is able to meet its payment obligations at all times.” – (2020 – Financial Report – IFIC Holding AG)

ifmat - IFIC Holding under sanctions

IFIC investments capital is over 150.468.011,03 Euros. They have investments in:
– Visione s.p.a
ThyssenKrupp AG
– Emam Porto Pulverization Industries Co. – Tehran/Iran
IPM Industries
South Isfahan Power Plant FZCO, Dubai/UAE
– Iran Afghanistan Investment Company – Tehran/Iran
One Class Properties (Pty) Ltd. – Kapstadt/Sudafrika
United European Investment AG, Pfaffikon/Schweiz
List of companies owned/controlled by the Iran Foreign Investment Company

ifmat - IFIC Holding AG - Investments 2

IFIC Holding Members of the Board:
Ali Jannati – Member of the Board
Hassan Abghari – Managing Director
Seyyed Shamseddin Khareghani – Member of the Board
Abolfazl Tayebi – Member of the Board & Deputy palnning and finance
Hamidreza Raufi – Member of the Board & Deputy investment and assemblies

ifmat - IFIC Holding Members of the board

Jannati and Hassan have very close ties to Supreme Leader circuits. Ali Jannati has had various positions in different public institutions of Iran. He began his career in the terrorist organization Revolutionary Guards as being commander-in-chief of Armed Forces in Khorasan Province. Then he was appointed governor general of Khuzestan Province. Then he joined the Islamic Republic of Iran Broadcasting (IRIB), and served as its manager in the Ahvaz branch and as judiciary envoy to IRIB. He served as deputy minister of culture for international affairs. He was Iran’s ambassador to Kuwait from 1998 to 2005 and deputy interior minister for political affairs from 2005 to 2006. Hassan Abghari is the managing director Iranian Foreign Investment Company (IFIC). He is also a director at Misr Iran Development Bank, entity that is owned by Iranian Foreign Investment Company. Soon they will be embarking on laundering large sums of funds including some oil money from the bank accounts they have set up under various names.

# Operating in Germany

Parviz Mardani, German citizen, under instruction of IFIC is involved in money laundering and circumvention of US sanction against Iran. His latest registered company in Germany is Called Rheinbach Investment GmbH where he launder money for the government of Iran for malicious purposes and they operate under varies entities in Germany and other part of the world and in Europe. Seyed Mousavi is using the German national as the front to cover his and the Iranian government tracks for being exposed in circumvention of the sanction. Seyed Mousavi report directly to Hassan Abghari being the executive director of their Parent company and to Ali Tayebnia Iranian ex-finance minister of Iran and Ali Janati who is the chairman of their Board.

ifmat - IHAG IFIC in Germany Part 1- schemes

Under instructions of IFIC Holding, Parviz Mardani opened the following companies:
Denasa GmbH
Rheinbach Investment GmbH
Mataco GMBH
Denaco GmbH

IFIC is using other Germany-based companies to circumvent US sanctions. According to reports Parviz Mardani, Vahid Sharif, Ali Shahraz, Ahmad Nazemi, Ahmad Rahgozar, Seyed Ghassem Samimifar and Reza Shiva are connected to IFIC Holding. Seyed Ghassem Samimifar owns SMB logistics GmbH and Reza Shiva owns Commerce Advice UG both entities under control of Iran Foreign Investment Comopany

ifmat - IHAG Trading GmbH in Germany Part 2 - schemes

# Partnership in Investment

Germany’s IFIC Holding AG (IHAG) has been a MAPNA Group partner in building South Isfahan Power Plant. Other partners include Iran Power Plant Investment Company (SENA) in Aliabad Katoul Power Plant, and Ghadir Investment Company in both Behbehan Power Plant, and Qeshm Heat and Power Generation. MAPNA Group is a leading Iranian industrial group that within a period of no longer than two decades, has secured significant and remarkable achievements in the area of industry and technology winning a world class status in the global market. MAPNA Group is owned and controlled by Saba Power and Water Industries Investment. Saba Power and Water Industries Investment it is owned by Mahab Ghodss Consulting Engineering Company (Entity designated by OFAC for being owned and controlled by Iran Regime). MAPNA Group works with IRGC-Owned Company – Khatam-al Anbiya Construction Headquarters. MAPNA Group uses equipment bought from IFIC Holding in Europe.

ifmat - IFIC - Mapna Group

# Conclusion

Currently Iranian Regime has ventures in many countries including: Germany, Brazil, Egypt, Jordan, Sudan, Yemen, Namibia, Oman, United Arab Emirates, Armenia and others. Through IFIC, Iranian Regime provides financing and financial services and makes investments around the world. IFIC has interests in energy, mining, oil, gas and petrochemicals. The Mullahs use IFIC to invest their petrodollars around the world. Iranian Regime uses these companies to circumvent sanctions.

Working with mentioned entities is very risky for your business and your future. Through these entities Iranian Regime and IRGC are sponsoring terror activities, missile and nuclear production.