Bank Pasargad is the largest debtor in the oil sector – Part 1

Pasargad Bank is the largest debtor in the oil industry.

Pasargad Bank, with a deficit of $300 million, is the largest debtor of Iran’s oil trading company, NICO. In 1998, Pasargad Bank issued a $500 million guarantee bond based on the credit code of the National Security Council’s Covering Committee for the sale of oil quotas by the Executive Headquarters of Imam’s Order.

However, it did not return the $300 million foreign currency obtained from this transaction to NICO, turning Pasargad Bank into one of the biggest debtors in the oil industry. According to some reports, the majority of Pasargad Bank’s shares belong to the Executive Headquarters of Imam’s Order. Majid Ghasemi, the CEO of Pasargad Bank, is accused of major disruption of the country’s economic system by illegally collecting money from the participants in the quota route to obtain a guarantee from Pasargad Bank.

Majid Ghasemi, the CEO of Madamalamar Bank, changed the format of the guarantee letter received from the individual addiction cooperation plan with this bank from the currency guarantee format to the participation format in order to reduce his liability in this contract. The cooperation of this bank with an individual named Nafari during the time of Mohammad Mokhber’s presidency over the Imam’s Executive Command Headquarters, and the cooperation of two individuals named Marouji and Shahcheraghi from the body of the Imam’s Executive Command Headquarters, took place. In the following, I will write about the main person behind the scenes, Shuam Seyyed Yahya Alavi.