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Global Business News

The Economic Times

Global Business / The Economic Times

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US sanctions Iran-linked buyers of sensitive military technology

The United States has dismantled an Iranian network that defrauded American tech companies out of millions to acquire sensitive military technology. The network, led by Ali Majd Sepehr, used fake websites and intermediaries to smuggle advanced equipment into Iran, violating US sanctions. This action follows a $15 million reward announcement for information on Iran's IRGC financial mechanisms.

30 May 2026 6:30 am