Tuesday, October 18, 2011

For Some In Iran, Life Is Good

The proliferation of prestige cars comes at a time when vast numbers of Iranians are experienced plummeting living standards in a stagnant economy characterized by rising inflation and high unemployment.

Life In The Fast Lane For Iran's Well-Connected Super-Rich -- Radio Free Europe

Iranian financiers suspected of growing rich through links to the Islamic Revolutionary Guard Corps (IRGC) are flaunting their wealth through the import of exclusive fast cars, an investigation backed by the European Union has found.

Models including Italian-made Bugattis and British-manufactured Rolls Royces are believed to have been purchased by senior shareholders of recently opened private banks.

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My Comment: So much for sanctions.

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