Also Known As:
47 Linden Lea, London, N2 0RF, United Kingdom
A dual Iranian-British citizen; allegedly facilitated a money laundering scheme that involved international payment transactions or cross-border payments through Slovenia's largest state-owned bank, Nova Ljubljanska Banka (NLB); NLB is being investigated for reportedly laundering around 1 billion Euros from Iran between 2008 and 2010, in violation of Slovenia’s Prevention of Money Laundering and Terrorist Financing Act.
Head of Farrokh Limited (company number 1060291), which was based in the British Virgin Islands and stricken from the country’s Register of Companies on May 1, 2012 for the non-payment of annual fees; opened accounts at NLB in December 2008 for Farrokh Limited after Swiss authorities closed his accounts; allegedly used accounts at NLB to transfer funds on behalf of the Export Development Bank of Iran, which has provided financial services to companies connected with Iran's nuclear and ballistic missile programs, according to the European Union; between 40 and 50 transactions reportedly took place daily, from NLB to more than 30,000 accounts around the world; different currencies were reportedly used to conduct transactions, including Japanese Yen and Australian and Canadian Dollars.
Farrokhzadeh transferred operations from NLB to Russian banks after the Bank of Slovenia, Slovenia’s central bank, issued an order banning transactions involving his accounts in December 2010, allegedly after a number of international financial institutions rejected these transactions; was reportedly added to Interpol’s most wanted list in 2006 and remained on the list until at least 2010.
Previously the director of a number of U.K.-based companies, including Glastonbury International Limited (in 1992), Carina Communications Limited (from 1993 to 2002), and Asha Construction (in 2000), all of which have since been dissolved; also owned Farrokhzadeh Partnership Co., Al Samaa Ltd., and GLS Service; co-owns Turkey-based Glaston Dis Ticaret Limited Sirketi with Ebrahim Seifi.
Born in April 1944.