Quds provides arms, aid and training for pro-Iranian militant groups in the Middle East such as Hezbollah, Hamas and Shi'ite Muslim militias in Iraq. Reuters
Exclusive: Iran Uses China Bank To Transfer Funds To Quds-linked Companies – Report -- Louis Charbonneau, Jonathan Saul and James Pomfret, Reuters
(Reuters) - There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled "Fragrant Villa" apartment complex in this southern Chinese city. The building's managers say they’ve never heard of it.
But a Western intelligence report reviewed by Reuters says Shenzhen Lanhao is one of several companies in China that receives money from Iran through a Chinese bank. Such transfers help to finance international operations of the Islamic Revolutionary Guards Corps' elite Quds Force, the report said.
The Quds provides arms, aid and training for pro-Iranian militant groups in the Middle East, such as Hezbollah, Hamas and Shi'ite Muslim militias in Iraq. They have also armed and trained government forces in Syria's civil war in violation of a U.N. arms embargo, U.S. and European officials say.
Read more ....
Update #1: China's Kunlun Bank Used by Iran to Transfer Funds to Quds-Linked Firms -- IBTimes
Update #2: Iran: Terrorist Quds Force funded by illegal transfers via China - report -- NCRI
My Comment: Will China stop this business/financial arrangement .... probably not even though it probably does violate international sanctions. I would even claim that the Chinese government was probably well aware of this business arrangement before the above Reuters post hit the newswires .... but China needs oil, and Iran has a lot of it .... so they turn a blind eye.
