My story on the 300m Bolivar cheque*, seized by German Customs authorities from a powerful Iranian PEP, purportedly working for Kayson Company in Venezuela, has spawned a number of comments on the company's other suspected money laundering activities for Iran. As the result, I have a lot of questions about the company's money laundering, and also about Iranian oil sales through Belarus:
(1) According to a little bird in the Channel Islands, Kayson is the majority shareholder of a Jersey company called Belpars Petroleum Company Ltd., which ostensibly operates in Belarus. The problem is that public sources state that the National Iranian Oil Company, and/or PetroIran Development company own that 51%. Is the Kayson ownership concealed from public view, because Belpars is laundering Iranian funds, or assisting in international sanctions evasion, or both ? Where are the usually efficient Jersey regulators on this obvious sanctions evasion ?
(2) Is the €200m Kayson-funded Belpars construction of a hotel, known as the Magnet Minsk, providing cover for the sale of Iranian oil through Belarus ? One public source mentioned a €500m cash injection into Belpars by Kayson. Where are all these Euros coming from, I wonder ?
(5) Exactly how does Kayson Company, SA, the Venezuelan subsidiary, figure in the sanctions evasion activity ?
I will continue to probe Kayson, its Venezuelan clone, and Belpars; stay tuned.
* Iran lies about the 300m Cheque Seized in Germany