US sanctions Pakistani businessman, firms over alleged Iran defence procurement


Daijiworld Media Network - Washington

Washington, Oct 1: The United States has imposed sanctions on 10 individuals and entities across several countries for allegedly helping procure weapons and military components for Iran’s Ministry of Defence and Armed Forces Logistics (MODAFL).

According to a report by The Media Line, a Pakistani businessman and three companies linked to him are among those targeted by the US sanctions.

The businessman is chairman of Pakistan-based Cavalier Group, a private defence company with operations in Pakistan and other countries. US authorities allege that he and the company acted as intermediaries for Iran’s defence ministry and facilitated the procurement and distribution of weapons and military components.

The US also sanctioned Saudi Arabia-based Cavalier Dynamics for Technologies in an action coordinated with Saudi authorities.

US Treasury Secretary Scott Bessent said Washington would continue targeting individuals and entities that provide support to Iran under Operation Economic Outcast, a campaign launched in August aimed at disrupting what the US describes as the Iranian regime’s economic networks.

The latest sanctions form part of Washington’s broader efforts to restrict Iran’s access to weapons, military equipment and related procurement networks.

 

 

  

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Title: US sanctions Pakistani businessman, firms over alleged Iran defence procurement



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