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| Syria-Lebanon-Iran |
| IranÂ’s merry-go-bonds |
| 2011-04-07 |
| Is the Islamic Republic raising international capital and helping investors launder money? Iran is now raising much-needed capital by issuing international bonds that provide investors with a healthy return, the ability to launder money and, for those in the US, the ability to hide their income from the IRS and the Treasury Department. Once again, the Islamic Republic is trying to circumvent international financial sanctions to obtain access to hard currency. Washington lawmakers and tax authorities all over the world should be aware of this clever scheme. Iran announced in mid-March that it had issued approximately $4.2 billion in bonds to develop the South Pars gas field. Located in the Persian Gulf, South Pars is the biggest such field in the world and represents eight percent of the worldÂ’s natural gas reserves. |
| Posted by:tipper |