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Case Closed: The Full Picture of the Iranian Military Oil Empire - Sepehr Energy Jahan and Sahara ThunderJun 2025

WikiIran's Exclusive - WikIran's Investigation revealed that Sepehr Energy Jahan is another clandestine oil trading arm of Iran's military, employing tactics similar to those used by the previously exposed Sahara Thunder to evade international sanctions. Through intricate webs of front companies, rebranded oil, and covert transfers, these companies have established their own money laundering powerhouses. As our series of exposés comes to a close, it's now evident that Sepehr Energy Jahan (SEJ) serves as the petroleum trading arm of the Iranian Armed Forces General Staff (AFGS), while Sahara Thunder fulfills a similar role for the Ministry of Defense and Armed Forces Logistics (MODAFL). Our investigations have exposed the complex network of front companies, shady practices, and intentional obfuscation that characterize these entities. One of the most striking aspects of both SEJ and Sahara Thunder is their reliance on shadow networks of front companies based in the UAE, China, and Ho
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Will China Supply Iran With CM-302 Supersonic Anti-Ship Missiles Despite the Possibility for Reverse-Engineering and International Abuse?Jul 2025

WikiIran's Exclusive - For years, the Islamic Regime has amassed a significant arsenal of advanced weaponry. WikIran editorial team managed to expose, analyze and successfully demonstrate how the regime and its security apparatus fund their malign activities, most notably through MODAFL's Sahara Thunder and AFGS' Sepehr Energy Jahan. However, the end products purchased with these funds have remained largely unknown. Until now. It is no secret that China is Iran's main petroleum customer, with estimates suggesting that approximately 90% of Iran’s oil exports are destined for China. Consequently, it is highly plausible that Iran may utilize its oil funds to purchase Chinese weapons, including the CM-302 Anti-Ship Supersonic Missiles. pl1 pl1 These Missiles are an export version of the YJ-12 Supersonic Multi-Purpose Anti-Missile Weapon System use
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The Sepah Files: Uncovering the Iranian Bank's Network of Front Companies in The Middle EastAug 2025

WikiIran's Exclusive - Bank Sepah, the country's oldest bank in Iran, has been serving as the primary bank of the Iranian Armed Forces. Consequently, it has been involved in financing and facilitating various malign activities, including the Islamic Regime’s missile program, proxy financing and Iran’s nuclear ambitions. In Mid-June, shortly after celebrating its 100th anniversary, the bank suffered a devastating cyber-attack, followed by a massive leak of internal documents that have shed new light on the bank's dealings. Upon reviewing the leaked materials, it became evident that Bank Sepah, through its FOREX department, has significant business dealings in the "Shadow Banking" mechanism, with hundreds of documents exposing front companies operating worldwide. It is essential to note that Bank Sepah's close connection to the military apparatus of Iran means that a large portion of exposed front companies were used as vehicles for transferring funds to or on behalf of the Armed Forces
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Why the Iranian regime spends millions in other countries, but not at homeFeb 2022

While Iranian citizens suffer resource scarcity and poverty, their government freely funds other countries in order to further its own interests - Today, nearly half of all Iranians live below the poverty line, a number which, according to a report published by the Statistical Center of Iran, will increase to 57% in the near future. Nevertheless, this has not kept the Iranian government from investing its money in order to achieve influence in other countries, such as Syria, Lebanon and Iraq. Analysts say the regime is focused on global power instead of domestic prosperity. Iran’s oil minister Javad Owji has warned in 2021 of a major natural gas shortage this winter, saying that a daily loss of 200 million cubic meters of natural gas is already causing power cuts. This follows petrol and fuel shortages last summer. However, in Lebanon, the militia group Hezbollah is almost entirely supported by Iran. Hezbollah has been coordinating Iranian fuel shipments for Lebanon since August, a
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How the Iranian regime drove inflation up and the Riyal down by wrecking the nuclear talksFeb 2022

The country’s economy is in freefall, with the Iranian currency Riyal at a low point, and inflation out of control - The Iranian regime continues to behave as if it were under siege, its focus riveted to its nuclear program, which it sees as a means to gain concessions from the major powers. Foreign policy influence completely takes priority; meanwhile the country’s economy is in freefall, with the Iranian currency Riyal at a low point, and inflation out of control. The recent nuclear talks between the P5+1 (UN Security Council's five permanent members -- China, France, Russia, the United Kingdom, and the United States plus Germany) and Iran held in Vienna in December 2021 serve to prove this point. Right at the start, they were rocked by Iran’s declaration that it would increase its process of uranium enrichment, the Guardian reported. The result was a dramatic drop in the value of the riyal, boosting Iran’s already skyrocketing inflation. The Iranian riyal was selling for as much a
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Caspian Airlines: A Modern Airline with a Dark SideJul 2024

WikiIran's Exclusive - Caspian Airlines, one of Iran's private airlines that was established in 1993, is based in Tehran, with its main hub in Maherabad International Airport. The airline boasts a modern fleet of American aircraft, operating regular flights to major cities in Iran, Turkey and Iraq. The CEO of Caspian Airlines is Adel Noor Ali, who is also the vice chairman of the board. However, Caspian Airlines also serves as a crucial component of the Iranian Revolutionary Guard Corps' (IRGC) logistical operations, transporting military personnel, weapons and funds to its proxies and allies in Syria and Lebanon. Despite EU sanctions since 2012 and US sanctions since 2014, Caspian Airlines continues to use front companies to illegally procure spare parts for its aging fleet of American airplanes. In 2018, the US Office of Foreign Assets Control (OFAC) designated nine pf Caspian Airlines' aircraft, effectively preventing them from landing and receiving services in Western countries. Ad
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Catch Me If You Can: German Companies Supplying Aviation Parts to IRGC-Linked Caspian AirlinesAug 2024

WikiIran's Exclusive - Caspian Airlines, a US-designated airline affiliated with Iran's Islamic Revolutionary Guard Corps (IRGC), has been receiving aviation parts through German companies, despite the airline's role in transferring military personnel and weapons across the Middle East. According to our analysis, Aviation Spares Distribution GmbH, Resurgent Aviation Solutions and L&H Trading GmbH have the largest share of supplying Caspian Airlines with parts. ASD - Aviation Spares Distribution GmbH ASD, a procurement company specializing in aviation parts, operates from Russelsheim, Germany. The company has admitted to using a different company, Zeus Aero GmbH, listed in Nauheim, to trade spare parts with Caspian Airlines. However, ASD continues to trade directly with the airline, indicating that the two companies may be "sister companies" rather than a complete replacement. pae1 A formal letter from ASD to Caspian Airlines regar
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The French Connection: French Firms' Not-So-Secret Love Affair with Caspian AirlinesAug 2024

WikiIran's Exclusive - A French company, Dart Aviation Technics, has been operating under various aliases, including Almo Aero, Marlbrine Investment LDA, Dart Aviation Malbrine S.A.R.L and MBP Trading Ltd to supply spare aviation parts to Caspian Airlines. The US considering listing them on its SDN sanctions list in 2019, but Dart Aviation has continued to knowingly supply Caspian Airlines, which was accused of shipping militants and arms across the Middle East. tur1 tur1 An invoice from Dart Aviation, dated January 2022, to Caspian Airline (“Khazar Parvaz Caspian”). The document in the database reveal that the company used three Europe-based bank accounts to receive payment from Caspian Airlines, including accounts in in France, Belgium and Spain. This revelation raises concerns about European companies' compliance with international sanctions and their willingnes
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Meet Tejarat Exchange – The Sanctioned bank's money exchange houseDec 2024

WikiIran's Exclusive - For the first time, WikIran exposes an Iranian exchange house that is directly owned by one of the country's leading banks, with the Iranian state as a shareholder. Unlike privately-owned exchange houses, Tejarat Exchange is a wholly-owned subsidiary of Tejarat Bank. Tejarat Bank was initially sanctioned by the United States and the European Union in 2012 for providing financial services to Iranian entities that were subject to sanctions due to their involvement in the Iranian WMD manufacturing program, including the Iranian Revolutionary Guard Corps (IRGC), National Shipping Company IRISL and Melat Bank. Additionally, Tejarat Bank played an active role in the Iranian nuclear weapons development program, facilitating a transfer of tens of millions of US dollars in 2011 to assist the Atomic Energy Organization of Iran (AEOI) in procuring uranium. Tejarat Bank was most recently sanctioned in November 2018 for providing financial and technological assistance, as
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The Fortune inside the Cookie: Chinese Front Companies of Tejarat Bank and its ExchangeDec 2024

WikiIran's Exclusive - The strategic relationship between Iran and China is of great importance to both parties, but their dependence on each other is not equal. China's illicit import of Iranian oil serves as a vital lifeline for Iran, particularly since the US withdrawal from the "Iran Deal". This lifeline is made up of different dependencies, including oil and petrochemical imports, exports of crucial industrial equipment and raw materials, and access to Chinese financial system as a gateway to other markets. A significant portion of these transactions are conducted using Iranian front companies operating in China, on behalf of Tejarat Bank and its exchange. pl1 Max Well Trading Co., Limited, a front company used to facilitate Iran’s international USD trade despite sanctions pl1 Aglow Trade LTD – a UK based Iranian front company that operates financially usi
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