July 30, 2019

Supreme Leader Appoints New Head of One of Iran's Largest Conglomerates

By Kharon Staff


Ayatollah Khamenei appointed Parviz Fattah as the new head of Bonyad Mostazafan last week. Bonyad Mostazafan is one of Iran’s largest conglomerates controlled by the Supreme Leader; it was identified by the U.N. as a financial wing of the Islamic Revolutionary Guard Corps (IRGC).  

Fattah previously held posts with other Iranian government-aligned foundations. Fattah was sanctioned by the U.S. and the European Union in 2010 for serving as the executive director of Bonyad Taavon Sepah, which supported investments of the IRGC. Prior to his appointment at Bonyad Mostazafan, Fattah headed the Imam Khomeini Relief Committee (IKRC). The Lebanon branch of IKRC was sanctioned by the U.S. Treasury Department in 2010 for being owned or controlled by Hizballah. 

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