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Ghorb puts perpetuating its own rule first, and earning profits second.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards
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Security Council passed another sanctions resolution against Iran and added Ghorb to the list of 40 companies, including 15 connected to the IRGC, whose assets must be frozen.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards
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Ghorb is an integral part of the IRGC power structure.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards
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Originally founded as the construction and engineering branch of the IRGC at the end of the Iran-Iraq War, Ghorb initially focused on reconstruction, but it soon ventured into other fields.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards
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Security Council, the United States and other countries began going after companies that operate in Iran, Ghorb offered an object lesson in the hazards of doing business with Iranian partners.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards
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Imagine the embarrassment for Wirth and Herrenknecht, two German companies that had supplied Ghorb and one of its subsidiaries with the tunnel boring machinery necessary to construct the facility.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards
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In 2007, the U.S. Treasury Department designated Ghorb because of its links to the IRGC, itself designated by Treasury that same year for its role in supporting nuclear proliferation and terrorism.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards
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Today, Ghorb and the many other IRGC front companies that have sprung up beneath it have stakes in telecommunications and energy, logistics and services, and automobiles of which Iran is the largest manufacturer in the Middle East.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards
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Ghorb is the parent of 812 affiliate companies which, according to estimates by the U.S. Treasury Department and Western intelligence services cited by Time Magazine, collectively employ around 40, 000 people and have won approximately 1, 700 government contracts, including billions of dollars in energy-related contracts awarded without a competitive bidding process.
FORBES: The Dangers Of Doing Business With Iran's Revolutionary Guards