An Iranian who chairs a Maltese bank has been arrested on U.S. charges that he participated in a scheme to evade U.S. sanctions and funnel more than $115 million paid under a Venezuelan construction contract through the U.S. financial system, federal prosecutors said on Tuesday.
Ali Sadr Hashemi Nejad, 38, was charged in a six-count indictment filed in federal court in Manhattan accusing him of a role in a scheme to evade U.S. economic sanctions against Iran, prosecutors said.
Sadr, chairman of Maltese-registered Pilatus Bank, was arrested on Monday in Dulles, Virginia, according to court papers. A lawyer for Sadr declined comment.
Prosecutors said Sadr’s family controlled an Iranian conglomerate called Stratus Group, which had international business operations and that led a project to construct thousands of housing units in Venezuela.