The Young and the Corrupt
Hossein Shamkhani's Alleged Involvement in Petrochemical Scandal
May 2023

Reports of Hossein Shamkhani, the son of the Secretary of the Supreme National Security Council and former IRGC Navy Admiral, Ali Shamkhani, have dominated the Iranian media in recent times. Shamkhani Jr. is embroiled in a major corruption scandal that involves the country's largest Petrochemical exporter, Persian Gulf Petrochemical Industry Commercial Company (PGPICC), as well as some of Iran's most powerful and influential money exchangers, that have been helping the regime in bypassing international sanctions.
In 2011, when he was just 27 years old, Hossein Shamkhani started Admiral Shipping with his brother Hassan. The Shamkhani brothers had their share of contraversies, including an impoundment of the Kabul ship by the Indian authorities, due to discrepancies between the ship's documents and actual cargo. There have also been accusations regarding the extravagant and opulent lifestyle led by Aghazadeh Shamkhani and his family.

Recently, the Iranian media has exposed Hossein Shamkhani's ties to PGPICC, which was extensively highlighted here on WikIran. Videos from unknown sources, using exclusive evidence first revealed by our team, have emerged, claiming that Shankhani jr. is using the MOIS, SNSC and IRGC, to conceal the fact that approximately 30% of PGPICC's products are sold through his direct or indirect mediators, earning him over 200$ million a year. The profits of Hossein Shamkhani can be traced back to a committee within the SNSC. This committee, which is responsible for the sanctions bypassing apparatus, made out of hundreds of front companies around the world, operates like a full-fledged mafia, under the head of the financial department, Mir Mohammedi, reporting directly to Shamkhani's father. In addition to petrochemicals, Shamkhani appears to have a significant presence in the crude oil, LPG and sulfur markets. He is also believed to be receiving significant discounts and other perks that enable him to purchase more vessels to keep his business running smoothly. It is worth noting that Hossein Shamkhani was never implicated in corruption even though many people in Iran are aware of his unethical practices. This raises questions about the extent to which his family's connections may be protecting him from scrutiny. The exact nature of Shamkhani's son alleged involvement in those scandals and the scope of his wrongdoing are yet to be fully determined, but the accusations have further fueled the ongoing debate about corruption and nepotism in Iran's political elite.