DOJ Seeks to Forfeit $15 Million From Iran Oil Baron’s Firms

The US Justice Department filed two civil forfeiture complaints Friday related to a web of companies operated by an Iranian oil tycoon who was sanctioned last year and allegedly breached prohibitions while using a global network of banks.

The federal court complaints seek the forfeiture of more than $15 million allegedly used to fund an illicit Iranian oil distribution network operated by Hossein Shamkhani, the son of a top adviser to Iran’s former supreme leader.