Javad Marandi: Prominent Businessman, OBE Recipient, and Conservative Party Donor Implicated in Global Money-Laundering Investigation

The investigation originated from the “Azerbaijan Laundromat,” a massive money laundering scheme unveiled by the Organized Crime and Corruption Reporting Project (OCCRP) in 2017. This scheme involved the embezzlement of $2.9 billion (£2.3 billion) from Azerbaijan’s people and economy, with most of the funds benefiting the country’s elite. The OCCRP exposed not only personal gain but also bribes given to European politicians, highlighting the extensive reach of the money laundering machine. The repercussions of this scheme impacted various nations and caused significant damage to small businesses that had deposits within the laundering network’s center.

May 16, 2023 | 8:00 pm