Iran Economy NewsIRGC Corruption Continues to Ruin Iran's Economy

IRGC Corruption Continues to Ruin Iran’s Economy

-

By Jubin Katiraie

The Islamic Revolutionary Guards Corps (IRGC) has no choice but to shrink operations. Some IRGC members have actually been arrested following internal disputes.

The IRGC has economic interests in many different sectors, including telecoms, oil and gas, and construction. Faced with a number of rival crackdown, some of the holding companies and ownership have been returned to the state.

Reports indicate that more than ten IRGC members and businessmen affiliated with them have been arrested in the past few months. There are others that have been ordered to hand back the money they made through suspicious business deals.

An Iranian regime insider said that the manager of a large IRGC affiliated company was arrested a few months ago. Millions of dollars were also seized during a raid on his property.

One of the IRGC’s brigadier generals who was behind many of the economic decisions for the IRGC was arrested, but later released on bail.

Rouhani has been trying to limit the rival band by a crackdown, but carrying it out in discreet circumstances so that the guards are not put out. The IRGC is one of the most powerful bodies in the Iranian regime.

His efforts started last year after he mentioned to Supreme Leader Khamenei that the IRGC’s wealth is shocking, criticising its role in the country’s economy. Rouhani told Khamenei that Iran’s economy was in deadlock because of the corruption and high involvement of the IRGC.

The Iranian regime has been corrupt for decades and we are starting to get more and more details about the extent of it. We can see that Iran’s economic development is hindered by the numerous corrupt companies and entities that have a large control over the economy.

Iran has been suffering from high employment for many years and is struggling to provide even the most minimal and basic social care for the people who are struck down by extreme poverty.

President Rouhani wants to attract investments from abroad and thought that it would happen soon after the 2015 nuclear deal was signed. Although foreign investments did not pour in in the way he hoped, many sanctions were lifted and a huge “windfall” came as a result.

However, these billions of dollars were spent on the spread and funding of terrorism and on militias and wars abroad, most notably Syria where Iran has been propping dictator Bashar al Assad up since the beginning of the civil war.

So Rouhani, despite whatever action he has taken against the IRGC, is still not the moderate he likes to think he is. He is responsible for plundering his nation’s wealth on activities that cause and prolong the suffering of innocent civilians, not just abroad, but at home.

Latest news

40 million Iranians Below Poverty Line

Iran’s economy entered the year 2026 while many economists and regime-affiliated research institutions warned that the country has entered...

Telecommunications Employees in Tehran Protest Four Years of Unpaid Claims

Four years of non-payment of overdue telecommunications wages have pushed employees’ livelihoods to the brink of collapse. According to...

US Prepares for Another War with the Iranian Regime

Images released from the U.S. Navy’s Carrier Strike Group 11, led by the aircraft carrier USS Nimitz, show that...

More Than 300 Global Figures Urge UN Action Over Rising Executions in Iran

A coalition of more than 300 international legal experts, former United Nations officials, Nobel Prize laureates, judges, and human...

Iranian Citizens Struggle to Cover Expenses as Housing Crisis Deepens

In recent months, the housing crisis has become one of the country’s most important economic and social concerns. Continuous...

Iran: Death Sentence of Political Prisoner Manouchehr Fallah Reconfirmed

As pressure against political prisoners in Iran intensifies, reports indicate that a court in Rasht has once again confirmed...

Must read

US confirms StanChart probe, defends Iran sanctions

AFP: The US Treasury on Wednesday confirmed a probe...

Iran has suspended nuclear operations ahead of IAEA meeting, diplomats say

Financial Times: Iran appears to have ceased all sensitive...

You might also likeRELATED
Recommended to you