Fugitive Mahmoud Reza Khavari, former chairman of Bank Melli Iran from 2009 to September 2011, and Iranian Bank Sepah from December 2003 to March 2005, wanted both by America and Iran regarding a $2.6 billion fraud, is still alive and hiding in a $3 million walled estate with six security cameras in Toronto, Canada.
Because Canada is not party to any bilateral extradition treaty with Iran he does not face extradition to Iran but is subject to revocation of his Canadian citizenship if he committed fraud in his citizenship application. America could have him extradited from Canada to the U.S. to face charges in a federal court.
Khavara is living in a Suncrest Drive $3 million mansion in the posh Bridle Path area of Toronto, Ontario he purchased in 2007. He previously purchased a home in the North York area of the city in 2001. He also owned a company called Soaring Properties.
He fled to Canada in September, 2011 following the arrest in connection with the largest fraud in Iran’s history of 22 prominent persons including members of Iran’s political and military elite and President Mahmoud Ahmadinejad.
The UN blacklisted Banks Melli and Sepah in 2007for providing support to firms assisting Iran’s proliferation of weapons of mass destruction and the financing of terrorism.
The $2.6 billion fraud money was used to start a private bank called Aria Bank by wealthy businessman Mahafarid Amir Khosravi allegedly forging letters of credit with the help of high level bank managers urged to participate by Iranian government officials linked to President Ahmadinejad.
The U.S. Treasury Dept. claims Bank Melli is suspected of involvement in the transaction of funds to various terrorist organizations.
Khavari also worked in Iran’s Bank of Industry and Mines and was a member of the Tehran Stock Exchange board of directors.
Many of the companies and financiaal institutions Khavari was affiliated with have been blacklisted by the UN and Canada.
The fugitive fears assassination and/or kidnapping. GO GRAB HIM CIA!