The bank is accused of doing business with companies tied to units of Iran's Defense
Industries Organization and the Islamic Revolutionary Guards Corps (IRGC).
Officials reportedly say Germany will investigate claims that an
Iranian-owned Hamburg bank has extensive business ties to blacklisted Iranian
"The Wall Street Journal" quoted unnamed sources saying that the European-Iranian Trade Bank AG had done more than $1 billion in business with Iranian companies connected to the Islamic Republic's military and ballistic-missile procurement programs.
The companies are reportedly tied to units of Iran's Defense Industries Organization and the Islamic Revolutionary Guards Corps (IRGC).
Germany is Iran's largest European trading partner.
compiled from agency reports
... Payvand News - 07/19/10 ... --