Iran's Raisi Threatens 'Israel's Heart' In Case of 'Slightest Move'

Borna news agency has reported that a man behind three companies licensed to build the project is a shady character who already owes a lot of money to government banks.

President Ebrahim Raisi ordered a new halt to the controversial petrochemical project until "ambiguities about its environmental impact" are removed, interior minister said Sunday.

On April 10, after intense controversy over the environmental impact of the project and shady records of the company behind it, Raisi called an immediate halt but media reports said the company has continued construction on the 90 hectare site close to the Miankaleh UNESCO-designated biosphere reserve.

Environmental activists have been campaigning to stop the project due to expected adverse impact on the coastal region and its wildlife and have even urged Supreme Leader Ali Khamenei to intervene. The land earmarked for the project is also said to be high-quality agricultural public land.

Borna news agency said Foulad Alborz Iranian (FAICO), one of the subsidiaries of Amirabad-e Mazandaran Limited, is at the top of the list of individuals and companies which owe massive sums to the government-owned Tose'e Saderat Bank. Iran's state banks have been publishing lists of their 'super borrowers' with largest debts this week.

Borna said it had acquired documents that showed the guarantee for the payment of the loans had been made by the company's major shareholder, Abbas Abdi, who is also a major shareholder of several other companies active in Mazandaran Province including those involved in the petrochemical project.

Individuals and entities who borrow large sums from state banks through their connections with politicians, bureaucracy or the military are known as ‘super-borrowers’ in Iran. They usually get the multi-million-dollar loans pretending to have job-creating projects, but often use the money for other purposes or simply take it out of the country and never repay. The same connections they have, often protect them from prosecution and at most they lose worthless collaterals to banks. It is believed that officials who help ‘super-borrowers’ have a stake in the schemes.

The news agency also published the image of a ruling by the justice department of Tehran that shows Abdi was sentenced to seven years in prison for fraud in 2020, in absentia. No one knows if he is now in Iran or not.

Borna said FAICO owed over 13 trillion rials ($52 million in current exchange rate) to Tose'e Saderat Bank for two foreign currency loans it received at government subsidized rates in 2016, and the interest and that the collateral offered by Abdi for the loans is worth only one-third of the sum of the original loan.

The report also suggested that Abdi who has a record of failing to pay back huge loans as well as fraud was helped by persons or entities in powerful centers to get the license to launch the petrochemical megaproject.

Several powerful figures including Parliament Speaker Mohammad Bagher Ghalibaf, the governor of Mazandaran Province and the Friday Prayer Imam of the region have strongly and publicly defended the project and some hardliners have gone as far as saying opponents of the project are in essence opponents of the Supreme Leader, thus trying to accuse them of a political crime.

Speaking at a meeting with a group of army commanders on Sunday, Baqeri-Kani said that the Islamic Republic has thwarted the enemy's trick in driving a wedge between foreign policy and defense policy thanks to resistance under the guidance of Supreme Leader Ali Khamenei.

He said the discourse of resistance is dynamic and promotes stability, adding that lasting regional security depends on resisting aggression and occupation.

The Iranian diplomat also criticized regional Arab governments for normalizing their relations with Israel, saying such moves will never help those countries feel secure, noting that “History has proven aggression and occupation will never lead to order, stability and calm.”

“The interaction between some regional governments and the Zionist regime is similar to taking refuge in a wolf’s lair to protect oneself from the blissful spring rain”, he added.

Israel’s establishment of full relations last year with the United Arab Emirates and Bahrain was a sign of Tehran’s inability to isolate its archenemy in the region.

Baqeri-Kani, who is also Tehran’s top negotiator in Vienna talks to restore Iran’s 2015 nuclear deal known as JCPOA, made no comments about the current state of the negotiations, which came to a halt in March as Tehran demanded the removal of its Revolutionary Guard from the US list of terrorist organizations.

Lawmaker Alborz Hosseini warned the president and his economic team in a speech Sunday about the rising cost of living. He called the daily increase in food prices a "tsunami" and added that rents were rising uncontrollably. "It seems that nobody is thinking of vulnerable classes."

"Food on people's tables is becoming scarcer by the day and cars have become a commodity they cannot hope to own," Fathollah Tavassoli, another lawmaker, told the Parliament.

In his pre-agenda speech Sunday, Parliament Speaker Mohammad-Bagher Ghalibaf blamed previous administrations for inflation which according to official figures has now risen above 40 percent and urged the government of President Ebrahim Raisi to take action to bring the hike in prices under control.

Ghalibaf, apparently still tries to protect Raisi from rising criticism, but others say blaming the former government is simply not an answer to the crisis.

Raisi has not been able to achieve much since last August when he took office, except more clandestine oil exports to China because of less strict US implementation of sanctions by President Joe Biden’s administration. Raisi government officials boast having doubled oil exports.

But many are now asking why higher oil sales have made no difference in the economy. The government mouthpiece, Iran newspaper, said this week oil revenues are spent to offset part of the 4.7 trillion rial budget deficit inherited from the government of former president Hassan Rouhani.

The newspaper argued that "Improvement in economic indices only through increasing oil exports is not feasible because other factors such as liquidity growth also affect indices such as the inflation rate.”

President Raisi and his hardliner supporters often openly or indirectly blame Rouhani for the long-running economic crisis. Raisi on Friday said "four years of inflation above 40% and negative economic growth rate" were the main reasons for the hike in prices.

But few people dare to say publicly that the long-running economic crisis is mainly the result of sanctions imposed by the United States over Iran’s nuclear program and a new deal is imperative for saving the economy.

According to official figures the annual inflation rate rose to over 40% in the previous Iranian calendar year that ended March 20. In the same year the rate of inflation for food was even higher at 51%. Inflation rate has only risen to above 40% twice in four decades in the history of the Islamic Republic.

In his televised speech to mark the Persian New Year on March 20, Supreme Leader Ali Khamenei admitted that Iranians had faced “hardships, high prices and inflation” in the previous year but said expecting the problems to go away quickly was not "realistic".

Pundits say blaming the country's multiple crises on Rouhani and will not resonate with the public, who understands that Raisi had eight months to make an impact on the situation, and he has failed.

In the past few days Iranian media have strongly criticized the government for what they say is inefficiency and ineptitude and highlighted the hike in the prices of food items such as rice, meat, and vegetables.

Domestically grown rice, for instance, has now become unaffordable to most families. According to data published by the Statistics Center of Iran (SCI), the price of various types of domestically grown rice has tripled in one year and risen by around 11% in March alone.

During the protest in the provincial capital of Shahrekord on Sunday, protesters carried placards and chanted slogans threatening to take up arms against the ‘mafia’ behind the redistribution project.

The head of the farmers' union of the province, Morteza Derakhshan, said the rally was held to protest the Golab Water transfer Tunnel.

Last week, videos of the second phase of the water transfer project surfaced in social media, despite the opposition of Iran’s Department of Environment to the plan.

The Golab tunnel, with an approximate length of 10 kilometers, The Gulab is supposed to transfer water from the Zayandeh-Roud tributaries in Chaharmahal-Bakhtiari province to Kashan.

Over 20 people arrested during similar protests seven years ago were sentenced to prison terms and lashes earlier this month after a complaint by Khatam-al Anbiya Construction Headquarters, the engineering and construction arm of the Revolutionary Guard.

Chaharmahal-Bakhtiari, a traditionally water-rich region in the Zagros mountains, has seen its water resources decline due to both drought and projects to irrigate other arid regions.

Iran has been suffering from drought for at least a decade and this year officials have been warning of a further decrease in precipitation.

Condemning the desecration, Foreign Ministry spokesman Saeed Khatibzadeh said on Sunday that the Islamic Republic is waiting for Stockholm's immediate, strong and clear reaction against the perpetrators of the insulting act and practical measures to prevent such moves.

Leader of the right-wing extremist party, Rasmus Paludan, went to an open public space in southern Linkoping -- a heavily Muslim-populated neighborhood on Thursday, put the Quran down on the ground and burned it while ignoring protests from onlookers.

The intentional repetition of the anti-Islam blasphemous act in the Muslim fasting month of Ramadan has hurt the feeling of Muslims both in Sweden and across the world, Khatibzadeh said.

The Foreign Ministry also summoned the chargé d'affaires of Sweden to convey the Islamic Republic’s protest at the desecration.

Malaysia and Indonesia along with the Swedish Islamic Center and many other groups and organizations also strongly condemned the provocative action.

Iraqi Shia cleric and the leader of Sadr Movement, Muqtada al-Sadr, called on the Iraqi Foreign Ministry on Saturday to summon the Swedish ambassador

Since Thursday, a number of cities across Sweden, such as the Stockholm suburb of Rinkeby as well as in the cities of Linkoping and Norrkoping, were scenes of violent clashes with social media videos showing young men smashing windows of police cars and shouting “Allahu Akbar” (God is greatest).

Paludan is a Danish lawyer who also holds Swedish citizenship and set up Stram Kurs in 2017 with an anti-immigration and anti-Islam agenda. He once burned the Quran in 2019 and also wrapped the book in bacon and tossed it in the air. In 2020, Paludan was banned from entering Sweden for two years and was also prevented from entering Germany for some time after he announced plans to hold a similar demonstration in Berlin.