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.



Iran Turns to Moscow and Beijing to Thwart ‘Snapback’ Sanctions Threat

Sergei Lavrov and Wang Yi met in Beijing on July 13 (Reuters)
Sergei Lavrov and Wang Yi met in Beijing on July 13 (Reuters)
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Iran Turns to Moscow and Beijing to Thwart ‘Snapback’ Sanctions Threat

Sergei Lavrov and Wang Yi met in Beijing on July 13 (Reuters)
Sergei Lavrov and Wang Yi met in Beijing on July 13 (Reuters)

Iran is turning to Russia and China in a bid to head off the potential reimposition of international sanctions, amid escalating tensions over its nuclear program.

Iranian Foreign Minister Abbas Araghchi has held talks with his Chinese and Russian counterparts to discuss the future of the nuclear accord and the possibility that the European troika could trigger the “snapback” mechanism.

Iranian state media reported on Monday that Araghchi arrived in Beijing at the head of an official delegation to attend a meeting of the Shanghai Cooperation Organization’s foreign ministers. The trip comes as debate intensifies within Iran over the stances of Moscow and Beijing, particularly in the aftermath of the recent conflict between Iran and Israel.

Speaking at a press conference, Foreign Ministry spokesman Ismail Baghaei stressed that Gulf security remains a priority for China.

“Araghchi’s visit follows an official invitation from the Chinese Foreign Minister,” he said, adding that the Iranian diplomat will hold bilateral meetings Tuesday on the sidelines of the gathering.

Baghaei emphasized Tehran’s ongoing coordination with both Russia and China, who are parties to the nuclear deal.

“Russia and China have consistently expressed their readiness to play a constructive role in the process related to Iran’s nuclear file, and this continues,” he noted. “We have longstanding, friendly relations with both countries and a strategic partnership.”

Addressing reports that Moscow has privately urged Tehran to halt uranium enrichment, Baghaei said: “We have not received any specific proposal from Russia on this matter.”

In Beijing, China’s Foreign Ministry confirmed that Foreign Minister Wang Yi discussed Iran’s nuclear issue with his Russian counterpart, Sergei Lavrov, alongside other bilateral and international topics.

Meanwhile, Moscow on Sunday denounced a report claiming President Vladimir Putin had urged Iran to accept a deal with the United States that would bar it from enriching uranium. Russia’s Foreign Ministry dismissed the claim as “defamation” aimed at inflaming tensions over the Iranian nuclear program.

According to the American outlet Axios, sources familiar with the issue said Putin recently pressed Iran to agree to “zero enrichment.”

But Russia rebuffed the report as baseless, insisting its position is well known: "Invariably and repeatedly, we have emphasized the necessity of resolving the crisis concerning Iran's nuclear program exclusively through political and diplomatic means, and expressed our willingness to help find mutually acceptable solutions," the ministry statement read.

It added that Moscow stands ready to help broker mutually acceptable solutions.

Since the start of Russia’s invasion of Ukraine in 2022, Moscow has strengthened its ties with Tehran. While publicly backing Iran’s right to enrich uranium, Putin has reportedly adopted a tougher line behind closed doors following the 12-day conflict between Israel and Iran.

According to European and Israeli officials, Moscow has encouraged Tehran to accept a “zero enrichment” compromise and shared this position with Israeli authorities. “We know this is what Putin told the Iranians,” a senior Israeli official confirmed.

Last week, Putin is said to have relayed his stance in calls with US President Donald Trump and French President Emmanuel Macron.