Al Fida International General Trading

The Azerbaijani Laundromat
Investigation

Brothers Ilham and Ilgar Nagiyev were popular with Metastar Invest. Ilham Nagiyev received $255,732 in Czech and British accounts from Metastar between August 2012 and July 2013.

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The Azerbaijani Laundromat
See the project
September 4, 2017

Al Fida International received $2,100,000 in a Swiss bank account from LCM Alliance in 2012 for construction equipment. It could not be determined who owns the company.

Based in Dubai, Al Fida was one of two companies Iran used to evade sanctions in order to access foreign currency by providing financial services to Iran’s Bank Mellat, which was blacklisted by the US for its involvement in Iran’s nuclear program.

Bank Mellat used an account at Al Fida to transfer currency to another company which shares its address, Al Hilal Exchange, to obscure the origin of the funds.

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Banking Sanctions Tax Show more
Iran, Islamic Republic of United Arab Emirates United States Show more
Al Fida Al Fida International Al Hilal Exchange Bank Mellat LCM Alliance Show more

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