Iran Official Probed on Undeclared Check

February 5, 2013

Author: 

David Crawford and Ezequiel Minaya

Publication: 

Wall Street Journal

Tahmasp Mazaheri, a former head of Iran's Central Bank (ICB), is being investigated for smuggling by German authorities after failing to declare a $70 million check from Banco de Venezuela.  The check was seized by customs officials at Dusseldorf Airport, where Mazaheri arrived from Iran via Turkey. The check was allegedly destined for Kayson Company, an Iranian construction firm, for work carried out in Venezuela.