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Iran, United States
Iran sanctions: US forfeiture action threatens reputation of European energy firms

A forfeiture case filed in Washington last month aims to seize $12m from Wellbred Capital, a trading company allegedly part of oil magnate Hossein Shamkhani's vast laundering network. The suit does not mention Wellbred's Swiss and French units, both held via the same Singaporean shareholder. [...]
Reading time 2 minutes Michael Sweeney
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