-
Iran Under the Grip of Corruption: The Power of the Khamenei Household and the Revolutionary Guard Empire!

Generally, the Iranian regime appears to be in a condition that does not allow it to insist that its situation is fine. What has happened over the past two years, alongside the current developments on internal, regional, and international fronts, indicates significant negative effects. This was particularly evident on Tuesday, March 25, when Iranian currency plummeted to below the psychologically significant level of one million rials to the dollar, with no end in sight for the sanctions as U.S. President Donald Trump resumes his "maximum pressure" policy on Tehran. This is a crucial indicator of the worsening economic and living conditions moving towards the worse.
The international pressure on the Iranian regime, due to its suspicious policies that contradict the interests of countries in the region and the world, severely impacts security and stability, particularly with its excessive efforts to instigate wars and crises. This is especially true after the maximum pressure policy adopted by the Trump administration against this regime, along with a serious demand for the regime to abandon its nuclear program, which has cost over two trillion dollars to date. It also involves ceasing its interventions in regional countries and dissolving its affiliated militias, particularly in Iraq, indicating that this regime is facing an unprecedented situation since its establishment 46 years ago.
Regionally, following what happened in Lebanon and Syria, and what is currently occurring in Yemen with the Houthis, along with the self-isolation and retreat of the Iranian regime's militias in Iraq, the regime's project intended to establish a religious empire under its leadership is now in jeopardy. It has become clear that it is resorting to a cautious approach to cling to whatever remains of its role and influence in the region, while excessively trying to prevent the flames burning its agents in the region from reaching its own territory.
Internally, unrest continues unabated, as protest movements across Iran persist, encompassing various segments and components of Iranian society in different life, economic, and social fields. There is also a noticeable increase in revolutionary operations carried out by uprising units against the regime's security centers and other affiliated locations, alongside the vigorous activities of the Iranian National Resistance Council both inside and outside Iran against the regime. The regime’s attempts by various means to ensure its survival appear like a dilapidated vessel full of holes trying to navigate a stormy sea and reach safety, which is impossible in its clearest form!
In conclusion, what has been discussed so far is only a part of the factors shaping the current dire situation in the troubled Iranian society. In this context, the roles of two main players emerge increasingly:
**The Khamenei Household: A Center of Corruption and Wealth Accumulation**
The Khamenei household, as the central nucleus of power in the system of Velayat-e Faqih, has played a pivotal role in this disaster. This institution, operating outside any legal oversight or public accountability, has seized a significant portion of the national wealth through its control over large economic institutions and organizations such as the "Setad Ejraei Farman Imam," "Astan Quds Razavi," and "Bonyad Mostazafan."
This accumulation of wealth, which starkly contrasts with the impoverished lives of millions of Iranians, reflects the depth of corruption at the highest levels of governance. The Khamenei household has not only utilized this wealth to sustain its dominance but has also expanded this organized plunder to lower levels by forming a network of powerful dependents and relatives.
**The Economic Empire of the Revolutionary Guard**
The Revolutionary Guard, acting as the military and economic arm of the Velayat-e Faqih system, is another key factor deepening the current poverty. Over time, this institution has transformed into an economic empire controlling major sectors of the Iranian economy, from oil and gas to communications and construction. According to unofficial estimates, the Revolutionary Guard directly or indirectly controls over 60 percent of the Iranian economy.
This dominance, often obtained through non-bid contracts and large projects, has seized public resources for the benefit of this institution and its leaders. This occurs at a time when millions of Iranians struggle to secure their daily bread.
In summary, the monopoly of wealth and the rampant corruption within the Khamenei household and the economic empire of the Revolutionary Guard happen as millions of Iranians languish below the poverty line. To break this vicious cycle and achieve social justice, drastic changes in the power structure and economic transparency are essential.
By Mir Mohammadi
Tags
You May Also Like
Popular Posts
Caricature
BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!