Corruption in Enerchimi; Misappropriation of Half a Billion Dollars of the Iranian People's Rights

🔸Bagher Faraji, the CEO of Enerchimi and a key figure in the Fateh Industry group, is identified as one of the main players in a vast network of financial and contractual violations in Iran's oil and petrochemical industry. Faraji, who has gained recognition in recent years for his rapid and 'elevator-like' rise in major oil projects, holds a passport from the Dominican Republic; a passport that, according to available information, has also been obtained for his family members.

Violations in the Bandar Abbas Refinery Project

🔸One of the most significant cases related to this network is the development plan for the Bandar Abbas refinery; a project estimated to involve violations amounting to nearly half a billion dollars. Simultaneously, over the past month, following the publication of a series of exposé reports about the performance of this group, the media manager of Fidus has faced direct and indirect threats; a situation that has heightened concerns about attempts to exert pressure on independent media.

🔸According to available information, Enerchimi and Fateh Industry, claiming a connection with the Khatam al-Anbiya Headquarters, operate within a consortium structure known as 'Gener'; a structure aimed at creating a management safe haven in the event of managerial changes and continuing violations in ongoing and future projects. Alongside this mechanism, traces of a money laundering and trust network in Dubai and collaboration with the FGS exchange have been observed.

Suspicious Financial Pathways

🔸The financial pathways of this network, based on evidence, pass through Turkey, Sweden, and Canada, and in some cases reach intermediary transactions in the United States and South Africa; including the purchase of a helicopter through an intermediary. There are also reports of an active business partner in Germany for supplying industrial equipment, focusing operations in Berlin.

🔸What distinguishes this case is not only the volume of figures but also the systematic pattern of circumventing the regulatory and contracting system; a pattern that, under the guise of 'bypassing sanctions', has led to the extensive transfer of financial resources and the establishment of a network of violations in the oil industry.