US Bill Seeks Information on Corrupt Business Practices of Iran’s Leaders

Iranian Supreme Leader Ali Khamenei, shown at a 2009 clerical gathering. Reuters file photo
Iranian Supreme Leader Ali Khamenei, shown at a 2009 clerical gathering. Reuters file photo
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US Bill Seeks Information on Corrupt Business Practices of Iran’s Leaders

Iranian Supreme Leader Ali Khamenei, shown at a 2009 clerical gathering. Reuters file photo
Iranian Supreme Leader Ali Khamenei, shown at a 2009 clerical gathering. Reuters file photo

Two US Representatives have introduced a bill that aims to disclose how Iranian leaders funded their wealth in light of US and international sanctions imposed on the regime.

“The Ayatollahs, the Mullahs, and the Iranian military are all profiting at the expense of ordinary Iranian citizens and the Iranian people are rightfully calling for accountability,” according to Representatives French Hill and Al Lawson, who reintroduced the bipartisan “Holding Iranian Leaders Accountable Act.”

The bill requests the Department of the Treasury to brief Congress on how the funds of Iranian leaders have been acquired and used.

It would combine publicly available information with US intelligence that can be made public, to provide a valuable window into the corrupt business practices of Iran’s top kleptocrats and limit their financial holdings, which are used to support and sponsor terrorism.

The two legislators said that Iran's supreme leader Ali Khamenei controls a business empire valued at more than $95 billion, which helped him control Iran when his people suffer from a shortage of water, food and fuel.

“For the past four decades, the people of Iran have lived under the brutal dictatorship of the Ayatollahs in Tehran,” said Hill, adding that the legislation will provide transparency into the corruption and illicit behavior of the leaders of Iran.

Lawson said that Iran’s government has continually engaged in corrupt business practices and other deplorable actions.

“It is vital that we hold Iran’s leaders accountable, and this legislation will provide a new mechanism of oversight to do just that,” he said.

The text of the bill stipulates that the Biden administration present no later than 60 days after its approval, a report to Congress containing the estimated total funds held in financial institutions that are under direct or indirect control by the Iranian regime, in addition to a detailed explanation of the wealth of 20 Iranian officials, including the Supreme Leader and the President, in addition to the senior leadership of any terrorist group or regional proxy force supported by the Government of Iran, including Hezbollah, Hamas, Palestinian Islamic Jihad, and Kata’ib Hezbollah.



Vance Arrives in India for 4-Day Visit That Includes Talks with Modi, Personal Engagements

US Vice President JD Vance (C) inspects a guard of honor upon his arrival at the airport in New Delhi on April 21, 2025. (AFP)
US Vice President JD Vance (C) inspects a guard of honor upon his arrival at the airport in New Delhi on April 21, 2025. (AFP)
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Vance Arrives in India for 4-Day Visit That Includes Talks with Modi, Personal Engagements

US Vice President JD Vance (C) inspects a guard of honor upon his arrival at the airport in New Delhi on April 21, 2025. (AFP)
US Vice President JD Vance (C) inspects a guard of honor upon his arrival at the airport in New Delhi on April 21, 2025. (AFP)

US Vice President JD Vance arrived in India on Monday for a four-day visit as New Delhi looks to avoid US tariffs, negotiate a bilateral trade deal with Washington and strengthen ties with the Trump administration.

Vance will meet Prime Minister Narendra Modi on the first day of his largely personal visit. The two leaders are expected to hold discussions on bilateral ties outlined in February when Modi met President Donald Trump in Washington.

The US is India’s largest trading partner and the two countries are now holding negotiations aiming to seal a bilateral trade agreement this year.

They have set an ambitious target of more than doubling their bilateral trade to $500 billion by 2030. If achieved, the trade deal could significantly enhance economic ties between the two countries and potentially strengthen diplomatic ties as well.

Vance’s first visit to New Delhi comes amid the backdrop of Trump's now-paused tariff program against most countries, including India. It also coincides with a rapidly intensifying trade war between Washington and Beijing, which is New Delhi’s main rival in the region.

Modi and Vance are expected to “review the progress in bilateral relations” and “exchange views on regional and global developments of mutual interest,” India’s Foreign Ministry said last week. On Monday, spokesperson Randhir Jaiswal said Vance's visit will “further deepen the India–US comprehensive global strategic partnership.”

Vance was greeted with an Indian classical dance performance after he arrived at New Delhi’s Palam airport on Monday, following his visit to Rome, where he met Pope Francis on Easter Sunday. He is accompanied by his wife, Usha Vance, a practicing Hindu whose parents are from India, along with their three children and officials from the US administration.

The family visited the Akshardham Hindu temple in New Delhi after their arrival and are expected to tour the iconic Taj Mahal monument and the 12th-century Amer Fort — a UNESCO world heritage site — during their trip.

India is important to the US in counterbalancing Chinese influence India is a close partner of the US and an important strategic ally in combating the rising influence of China in the Indo-Pacific region. It is also part of the Quad, which is comprised of the US, India, Japan and Australia and is seen as a counterbalance to China’s expansion in the region. Trump is expected to attend a summit of Quad leaders in India later this year.

Washington has long sought to develop a deeper partnership with New Delhi, which is seen as a bulwark against China. Modi particularly established a good working relationship with Trump during his first term in office and the two leaders are likely to further boost cooperation between their countries.

Modi was among the first leaders to visit the US and hold talks with Trump after he returned to the White House. During his visit, he hailed a “mega partnership” with the US, and kickstarted a negotiation process to minimize the possible fallout of Trump’s tariffs.

The two leaders also said they planned to grow their defense partnership, with India signaling compliance with the Trump administration’s demands, saying it will purchase more oil, energy and defense equipment from the US. Modi has also been reciprocal to Trump’s demands to deport undocumented migrants as India has accepted many of its citizens from the US in past few months.

Regardless, Trump targeted India with a 26% levy, part of which has since been paused. However, he has continued to call India a “tariff abuser” and “tariff king.”

The trade negotiations are especially urgent for New Delhi as it could be hit hard by Trump’s tariffs, particularly in the agriculture, processed food, auto components, high-end machinery, medical equipment and jewelry sectors.

Harsh Vardhan Shringla, India’s former foreign secretary and ambassador to the US, said Vance’s visit holds significance as it comes at a time of global upheavals in world trade. He said ties between New Delhi and Washington could see an upsurge under Trump’s presidency, mainly in technology-sharing and defense.

“US trade policy under Trump offers an opportunity for India to embed itself in a bigger way in the US markets and global supply chains,” Shringla said.

Modi's government is also hoping to attract investment from Tesla and SpaceX CEO Elon Musk.

Last month, Musk’s Starlink entered into agreements with two of India’s top telecom operators to provide satellite-based internet services. Musk also indicated he would visit India later this year after speaking last week with Modi, signaling there could be progress in the electric-car maker’s push to enter Indian market.

India is also a major defense partner of the US. It has in recent years embedded advanced American jets, helicopters, missiles and military gear into its armed forces. The two countries have announced plans to sign a 10-year framework later this year for strengthening their defense partnership.