Did you know that behind the tie-wearing faces in Silicon Valley, there lies a legacy of confiscation and rent-seeking?
📍 The Root of Corruption: In 1981, Mohammad-Taghi Banki (then Minister of State and Head of the Plan and Budget Organization) was the main architect of the divestment and confiscation of multinational companies in Iran. Under the slogan of “fighting imperialism,” he confiscated national assets and Iran’s industrial infrastructure in favor of the system and brought Iran’s economy to its knees.
📍 The Infiltration Branch in America: Now his son, Mahmoud Reza Banki, is active as the Chief Financial Officer (CFO) at the social network X (formerly Twitter)! How has the child of someone who was the theorist behind the destruction of foreign investment in Iran now gained power in the heart of the global flow of information in America?
Mohammad-Taghi Banki Scandalous Points:
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The Legacy of Confiscation: The wealth and position this family has obtained in the West are rooted in the decisions of the family’s father (Mohammad-Taghi Banki), who plundered the property of thousands of Iranians and international companies in the 1960s [1360s SH].
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Judicial Records: It is worth mentioning that Mahmoud Reza Banki previously had judicial cases in America related to transferring money from Iran (violation of sanctions), which he bypassed through lobbying and legal claims.
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Systemic Hypocrisy: The father in Tehran was prescribing “Resistance Economy” and confiscation for the people, while his children reached high financial ranks in the heart of America with that same backing.
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Mahmoud Banki Mahmoud Banki [the father] was a major capitalist in Iran’s public joint-stock pharmaceutical companies; he recently sold Kosar Pharmaceutical after becoming the owner in the 1360s [1980s] through his brother Mohammad-Taghi Banki via installments during the period when the country’s seized capital was being entered. For years, the factory itself paid its own installments until he took control as the major shareholder in the 1370s [1990s]. He is a shareholder in Iranian biotech giants such as CinnaGen and PersisGen.
Together with his brother-in-law, the Alaei gentlemen (Alaei Taleghani), he was the owner of several power plants whose information was accessible on Rasmiyo until two years ago.
In 2012, Mahmoud Reza Banki was convicted of money laundering; in fact, this money was from that same wealth accumulation transferred to him through his father; he was convicted and released after 2 years in prison, and received a pardon from Trump. In recent years, after his pardon became a news subtitle, the discussion was raised more that he is the maternal grandson of Taleghani. However, based on my investigations, most of the wealth was obtained through his uncle; many companies that are named as public joint-stock but are in the hands of major shareholders:
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Kosar Pharmaceutical and Amin Pharmaceutical
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Mactaff Company
Unfortunately, there is no image of the second page of the birth certificate (Shenasnameh) of Mahmoud Banki (the father); he does not provide the second page to anyone at the company premises under any circumstances. The wealth they have taken is in the form of million-dollar houses in America and Italy.
Mahmoud Reza Banki: CFO of former Twitter and current X.