DOJ Probe of Iran Oil Tycoon Examines His Global Banking Network
US officials allege the tycoon moved billions of dollars in oil, petroleum and other products from Iran and Russia to buyers worldwide through a fleet of tankers and container ships.
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The US Justice Department is conducting a probe into whether an Iranian oil tycoon breached sanctions while using a global network of banks, according to people familiar with the matter.
The investigation is focused on billions of dollars of money movements between firms overseen by Hossein Shamkhani, the son of a top adviser to Supreme Leader Ayatollah Ali Khamenei, said the people, who requested anonymity as the matter is private.
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