Azad Pasargad Development Co

Azad Pasargad Development’s articles of incorporation describe it as an “investment company” that “manages factories in any industrial sector” as well as participating in the “purchase, sales, packaging and distribution of all legal products,” “investment in foreign and domestic companies” and “managing, designing, supervising and implementing construction projects, land surveying, road construction and dam construction.”

Ali Mohammad Qoliha

CEO and board member of Tehran Urban and Suburban Railway Operation (TUSRO) who previously had positions on the board of SAIPA, a carmaker with strong ties to BTS. He also enjoys close ties with Majles speaker Mohammad Baqer Qalibaf. According to reports, Qalibaf was set to replace his executive deputy in the Majles, Hamid Aslani, with Qoliha. However, because of Qalibaf’s secretive appointments and dismissals, it is not clear whether or not he was eventually appointed to a parliamentary position. Qalibaf did, however, put Qoliha in charge of Ebrahim Raisi’s inauguration ceremony.

Mohammad Ahmadi Bafandeh

Board member of Tehran Urban and Suburban Railway Operation (TUSRO) and graduate of Imam Hussein University, an IRGC military academy. Bafandeh has ties to various Bonyad-owned entities such as Kowsar Agricultural Investment Co (BS) and Chemi Darou Kowsar (BS), Metra Consulting Engineers (BTS), and Iran Marine Service (Ghadir Investment). Bafandeh has previously been the mayor of Qom and Tehran’s district.

Abbas Iravani

Businessman who was tried in 2019 for bribery, corruption, and smuggling 764 million dollars in goods. In court, Iravani claimed that IRGC intelligence had been trying to strong-arm him into turning over his assets to the Islamic Republic for years and that he had shown extreme bravery in bypassing sanctions. Iravani was originally charged with “corruption on earth,” which carries a death sentence, but his indictment was changed to the lesser charge of “disruption of the economy,” according to Mehr News Agency. There has been no movement on his sentencing despite the court proceedings having come to an end.

Jafar Rabiei

Board member of Tehran Urban and Suburban Railway Operation (TUSRO) who also has ties to companies like Rasaneh Mehr Vatan (BTS), Kowsar Markazi Credit Institute (BTB), Ezam Management and Operation Co. (Ezam Group, Abbas Iravani3), and Parsian Oil and Gas Development (Ghadir Investment, Armed Forces).

Rabiei is the CEO of the US Treasury–sanctioned Persian Gulf Petrochemical Industries Co (PGPIC) and deputy of projects and planning for the Defense Industries Organization (Armed Forces). He had a stint at the Expediency Council, and there were rumors that he was a contender for oil minister in Ebrahim Raisi’s administration.

Habil Darvishi

Board chairman of Tehran Urban and Suburban Railway Operation who was also CEO of the Tehran Metro Company. Darvishi went on to become the CEO of Mofid Economic Group (EIKO) and then the CEO of the Police Co-operative Foundation.

Emad Hashemi

Eldest son of Mohsen Hashemi who served as CEO of Daftar Nashr Maaref Enqelab in 2013 and recently joined the board of Abnieh Gostar Karafarin, a Karafarin Bank (Entrepreneur’s Bank) subsidiary. EIKO is the majority shareholder in Karafarin Bank.

Yaser Hashemi

The youngest son of Akbar Hashemi Rafsanjani, Yaser Hashemi Bahramani, 50, is married to Maryam Salari. They have one daughter, Leili, who is married to Mohammad Mahdi Sanei Taheri.

Yaser was one of his father’s chiefs of staff at the Expediency Council. After Rafsanjani’s death, Yaser’s office was sealed shut and he was effectively purged from the Council. Yaser was reportedly also chief of staff of Azad University’s board of trustees. Rafsanjani’s archived website states that Yaser was once in the business of cheese imports.

According to a 2003 article in Forbes, “Yaser owns a 30-acre horse farm in the super fashionable Lavasan neighborhood of north Tehran, where land goes for over $4 million an acre. Just where did Yaser get his money? A Belgian-educated businessman, he runs a large export-import firm that includes baby food, bottled water and industrial machinery.”

Yasser’s business interests include Raha Mehr Vatan Charity, Sanati Tolidi Moratab, Tehran Airline (fka Safat Airline), and SCCV Rubis.

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