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Wednesday, August 12, 2015

Business Boom in Iran After Deal

The lifting of international sanctions on Iran has triggered a stampede of European companies beating a path to Tehran to secure contracts, but some of the equipment being offered has dark, dual purposes in the hands of the Islamic Republic’s oppressive government.

The cranes made by Austrian manufacturer Palfinger could be used to transform Tehran’s skyline, but also have played a starring role in Iran’s infamous public executions, where convicted criminals are often hanged from the giant booms high above public squares. German company Herrenknecht, whose senior officials visited the Iranian capital last month, makes industrial drilling rigs critics say could be used to nestle nuclear facilities deep inside mountains. Other companies lining up to do business with the mullahs make equipment that also could be used against Iran’s enemies – or its populace.

“It reminds me of the economy and the industry of the Third Reich,” said Ariel Muzicant, vice president of Europe’s Jewish Congress.(READ MORE)