Pasargad Bank is the Largest Oil Debtor – Part One

Pasargad Bank is the largest oil debtor

Pasargad Bank is the largest oil debtor with a 300 million dollar deficit, making it one of the biggest debtors to the Iranian oil trading company NICO. In 2019, Pasargad Bank issued a 500 million dollar guarantee for the sale of oil quotas of the Execution of Imam Khomeini’s Order based on the credit code of the Cover Committee of the Supreme National Security Council (SNSC).

However, Nafarieh did not return 300 million dollars of the currency from this deal to NICO, turning Pasargad Bank into one of the largest oil debtors. According to some reports, the majority shares of Pasargad Bank belong to the Execution of Imam Khomeini’s Order. Majid Ghasemi, the CEO of Pasargad Bank, is accused of major disruption worth 12 trillion rials in the country’s economic system through illicit gains and facilitating Nafarieh’s path to obtain the bank guarantee.

Majid Ghasemi, the lifetime CEO of Pasargad Bank, changed the framework of Edrman Nafarieh’s cooperation with the bank from obtaining a currency guarantee to a partnership to reduce his responsibility in this contract. The bank’s partnership with Nafarieh occurred during Mohammad Mokhber’s presidency of the Execution of Imam Khomeini’s Order, with the cooperation of two individuals named Moraveji and Shahcheraghi from the organization. I will continue to write about the main person behind the SNSC, Seyyed Yahya Alavi.