Also Known As:
Candid Trading LLC
-3rd Floor, Office No. 306, Al Dana Centre, Al Maktoum Street Deira, Dubai, United Arab Emirates
-P.O. Box 41967, Dubai, United Arab Emirates
Has provided assistance to entities affiliated with Iran's ballistic missile program.
Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on January 17, 2016, freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems.
Conducted financial transactions on behalf of Mabrooka Trading and Hossein Pournaghshand for goods intended for Navid Composite, which sought to procure equipment for a carbon fiber production line.
Managing director is Rahim Reza Farghadani.