Iran cracks down on Revolutionary Guards business network:
"Iran’s Revolutionary Guards Corps is being forced to shrink its sprawling business empire and some of its senior members have been arrested as part of President Hassan Rouhani’s attempts to curb the elite force’s role in the economy.
In the past year, the guards, who have interests in sectors ranging from oil and gas to telecoms and construction, have had to restructure some holding companies and transfer ownership of others back to the state, a regime insider and a government official told the Financial Times.
At least a dozen guards members and affiliated businessmen have been detained in recent months, while others are being forced to pay back wealth accrued through suspect business deals, the officials said."
'via Blog this'
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