What allegations does Arshiya Jahanpour face?

Arshiya Jahanpour is accused of controlling a front company linked to Iran's petrochemical sector, allegedly used to dodge US sanctions and help the Iranian regime generate billions of dollars. He also faces allegations of dishonestly allowing £123 million to be misappropriated from Alliance Petrochemical.

What is the role of Alliance Petrochemical (API) and Mehr Petrochemical Company (MHPC)?

Alliance Petrochemical (API) is a Singapore-based oil firm from which £123 million is alleged to have been misappropriated. API reportedly controls 60% of Mehr Petrochemical Company (MHPC), which has been sanctioned by the US for its connection to Iran's state-owned oil industry.

What is the current status of the legal proceedings?

The High Court claim is ongoing, and no determinations have been made on the allegations against Arshiya Jahanpour. He denies controlling MHPC or acting as a shadow director for API.

Home / Crime and Justice / London Banker Accused in Iran Sanctions Scheme

London Banker Accused in Iran Sanctions Scheme

15 Mar

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Summary

Businessman accused of controlling Iran oil front company.
US claims company helped Iran generate billions in revenue.
Allegations involve misappropriation of £123 million.

London Banker Accused in Iran Sanctions Scheme

A businessman residing in London faces serious accusations of orchestrating a scheme to circumvent US sanctions, potentially generating billions of dollars for the Iranian regime. Arshiya Jahanpour is alleged to have controlled a front company tied to Iran's primary petrochemical firm.

Court documents filed with the High Court claim Jahanpour dishonestly permitted the misappropriation of £123 million from Alliance Petrochemical (API), a Singapore-based oil entity. This company reportedly holds a 60% stake in Mehr Petrochemical Company (MHPC), which the US Treasury has identified as part of a network enabling Iran to sell petrochemicals.