. "The IRGC had the loyalty but its affiliated companies lacked the technology and knowledge and ability to carry out projects," said a hardline former official. More money means more funds for the IRGC," said the official.One Western diplomat who follows Iran closely estimated last year that business activities controlled by the Guards had an annual turnover of -12 billion. Most of the time cash was delivered to a foreign account in a neighbouring country.2 billion contract to build a line on the Tehran metro. A company affiliated to the IRGC bought the state-run telecoms company for about billion."The IRGC and the Qods Force are Iran’s key assets in the region, where we are determined to back our allies and those oppressed nations," said the official.

Its casualties are rising, with several commanders killed, and foreign experts believe Tehran may have as many as 3,000 troops there.FLOURISHING ECONOMY, STRONGER GUARDSAnother senior official confirmed that a flourishing economy, which is currently 60 per cent dependent on oil exports, would mean extra cash for the Guards’ foreign activities. But an economy ministry official said the Guards have been involved in a wide range of industries, including energy, tourism, auto production, telecommunications and construction.However, this exposed the limits to their expertise.Tehran is not about to end these activities just because its relations with the West have thawed with the nuclear deal. "All parts of the establishment have reached a consensus on this. If you are a rich person, you can help your friends more, right "Iran has already spent billions of dollars propping up Assad and in recent months provided elite teams to gather intelligence and train Syrian forces. The Guards helped different sectors to resist the unfair sanctions imposed on Iran for decades.Iran’s clerical rulers have supported economic growth of the Guards, rewarding the group for sanctions-busting as well suppressing dissent at home and helping Tehran’s allies abroad — notably Syrian President Bashar al-Assad."There was no chance to compete with the Guards-affiliated companies."The IRGC started to buy hundreds of small and medium-size companies around the country to use as front companies," said a trader involved in importing parts for the oil industry. "

These companies partnered with some foreign companies to bypass sanctions. Likewise, the leadership will ensure it is well-funded to continue the effort in the regional crisis, including the Syrian civil war.One senior security official signalled financing would grow for the Guards and its overseas arm, the Qods force.Washington has noted that "US statutory sanctions focused on Iran’s support for terrorism, human rights abuses, and missile activities will remain in effect," and these will be enforced against certain members and actions of the Guards.Iran’s Revolutionary Guards did well under international sanctions, and the elite military force is destined to become still richer now they’ve been lifted.Iran refuses to reveal their market share.The Guards’ construction branch, Khatam Al-Anbia, has also won a ."The Guards were also rewarded with major contracts after suppressing pro-reform protests that followed Ahmadinejad’s disputed re-election in 2009. On the contrary, it hopes the economy, freed from the sanctions, will create new wealth that can be used for these ends."It is very clear that our leaders will not hesitate to allocate more funds to the IRGC when needed.Created by the Islamic Republic’s founder Ayatollah Ruhollah Khomeini, the Guards first secured an economic foothold after the Iran-Iraq war of the 1980s when the clerical rulers allowed them to invest in leading Iranian industries.The Guards aren’t entirely off the hook, even though the United States, European Union and United Nations lifted most sanctions on Saturday under a deal with world powers where Tehran agreed to curbs on its nuclear programme.HELPING YOUR FRIENDSIran — the dominant Shi’ite Muslim power which is in rivalry with Saudi Arabia and the United States’ other Sunni Arab friends — has fought decades of sectarian غير مجاز مي باشد wars in Syria, Lebanon, Iraq and Yemen."There are many IRGC-affiliated companies that are involved in various sectors.But the Guards have long proved successful in defending their economic interests, including in recent years when the sanctions were Auto Brake for Hose PORSCHE at their tightest, effectively excluding Iran from the global financial and trading system."Even under very difficult economic circumstances, the funds for the IRGC’s activities, whether domestic or overseas, remained intact," said a former official close to the government of pragmatist President Hassan Rouhani.Now the country is expecting an economic boom in the post-sanctions era and the Iranian Revolutionary Guards Corps, will be a beneficiary. Most of the time, they were offered contracts without even entering a bid," said an Iranian trader based in a Gulf country who does business with some IRGC-affiliated firms."

Tehran also asked the Guards to take over energy projects vacated by Western oil companies due to the sanctions, with Khatam Al-Anbia leading development of the giant South Pars gas field.As the US and EU sanctions on Iran’s oil and finance sectors in 2012 started to bite, the Guards responded by setting up complex operations involving the likes of Dubai and Turkey.Their economic influence grew particularly after former guardsman Mahmoud Ahmadinejad was elected as the President in 2005."Away from the battlefield, Tehran credits the Guards with helping the domestic economy to survive under the sanctions that Washington first imposed after the 1979 Islamic Revolution and which expanded and tightened over the years. "We don’t want any conflicts but we will continue to help our allies.

"With continued Auto Gas Springs for VOLKSWAGEN questions over the global economic outlook post both China slowdown fears and Brexit, now is the time for companies to effectively engage investors and stakeholders around the world to tell their story and secure investment dollars. The private sector lender HDFC Bank secured the top banking slot and Noida- based Motherson Sumi Systems led the Auto & Auto parts sector.Companies in India rank among the best in the Asia Pacific region for corporate transparency, trust, and access to top executives, according to new research released on Wednesday by Institutional Investor.. "India is emerging as a strong regional leader in these areas, with many companies across sectors doing an exceptional job of engaging both the Asian and global investment community," said Will Rowlands-Rees, managing director of research at Institutional Investor.

In particular, banks in India are seeing their chief executive officers (CEOs), investors relation officers (IROs) and chief financial officers (CFOs) emerging as some of the top ranked, reflecting a commitment to accountability at the top, as well as increasing shareholder value. While Mumbai based Sun Pharmaceutical Industries achieved the first place in health care sector, IT bellwether Infosys Ltd was ranked highest in the IT services and software sector.In four sectors, companies from India were ranked number one in the region.

India last week inked a Auto Control Cables for HYUNDAI USD 5 billion deal to purchase S-400 Triumf air defence system from Moscow. Pompeo was scheduled to meet the president later.Under the Countering Americas Adversaries Through Sanctions Act or CAATSA sanctions, which was amended early this year, only Donald Trump has the authority for the presidential waiver to India on weapons deal with sanctions-hit Russia. Arent they?""India is going to find out," he reiterated in response to India specific question. Sooner than you think."The (CAATSA presidential) waiver is narrow, intended to wean countries off Russian equipment and allow for things such as spare parts for previously-purchased equipment," a White House National Security Council Spokesperson had said after the conclusion of the S-400 contract.Washington: President Donald Trump on Wednesday said that India "will soon find out" about his decision on the punitive CAATSA sanctions after India signed a USD 5 billion deal to purchase the S-400 air defence system from Russia."

Asked about the agreement between India and Russia, Donald Trump while interacting with reporters in the Oval Office of the White House, said, "India will find out.Pompeo and Defence Secretary James Mattis had earlier argued the case for a waiver to India.

The mega deal was sealed in New Delhi during the visit of Russian President Vladimir Putin for the annual summit with Prime Minister Narendra Modi.The US embassy spokesperson in New Delhi had said that the CAATSA was aimed at Moscow and not intended to damage the military capabilities of its "allies and partners."Secretary of State Mike Pompeo was also in the room when Donald Trump answered the question on CAATSA sanctions.Last week, the White House had said that the US presidential waiver on weapons deal with sanctions-hit Russia is intended to "wean" countries like India off the Russian equipment.Asked when, he said, "You will see.

The Enforcement Directorate had registered a criminal case in this deal last year under the PMLA and has attached assets worth over Rs 9,600 crore till now.The agency has made this indictment against Mallya in its charge sheet filed on June 14 in the money laundering case involving a loan of about Rs 900 crore from IDBI-KFA bank. The 57-page charge sheet or prosecution complaint, with voluminous annexures, was filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special anti-money laundering court here. The agency also said Mallya has huge property in the US in the name of his daughters - Leana and Tanya.The ED has also said that these shell companies had no actual activities and was fully controlled by Mallya with former employees of UB group being its directors.

The Enforcement Directorate has said that liquor baron Vijay Mallya laundered over Rs 1,300 crore through 13 shell companies in US, Ireland, Mauritius and France.92 crore, sanctioned and disbursed by IDBI, Rs 423 crore has been remitted out of India.The ED said its "money trail analysis revealed that out of the total loan of Rs 860.

The total loan sanctioned and disbursed by the IDBI bank to KFA was Rs 860.The charge sheet has indicted eight other persons too for their alleged roles in the case. The said payments were shown to be made towards aircraft rental leasing and maintenance, servicing and spare parts.The agency said the only purpose of these companies were to either obtain loan or launder money. The Central Bureau of Investigation is also probing into the Auto Brake Hose Manufacturers IDBI loan fraud case.."The agency is expected to soon file a supplementary charge sheet in this case. He has been in the UK since March 2016 and was arrested by the Scotland Yard on an extradition warrant on April 18 this year.