{"id":330878,"date":"2025-04-26T08:08:45","date_gmt":"2025-04-26T07:08:45","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/?p=330878"},"modified":"2025-04-26T08:08:45","modified_gmt":"2025-04-26T07:08:45","slug":"how-khameneis-economic-empire-seized-irans-telecom-giant-and-plundered-retirees-pensions","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/iran-protests\/how-khameneis-economic-empire-seized-irans-telecom-giant-and-plundered-retirees-pensions\/","title":{"rendered":"How Khamenei\u2019s Economic Empire Seized Iran\u2019s Telecom Giant and Plundered Retirees\u2019 Pensions"},"content":{"rendered":"
\"Parviz
Parviz Fattah, head of the Execution of Imam Khomeini\u2019s Order (EIKO), meets with the CEO and board members of the Telecommunication Company of Iran (TCI) on November 7, 2023<\/figcaption><\/figure>\n

Three-minute read<\/em><\/strong><\/p>\n

Each week, retired employees of the Telecommunication Company of Iran (TCI) protest in the streets<\/a> of cities like Ahvaz, Isfahan, and Kermanshah, accusing powerful state-affiliated conglomerates of depriving them of their rightful pensions. Their chants target one organization above all: the Execution of Imam Khomeini\u2019s Order (EIKO), known in Persian as Setad Ejraiye Farmane Emam.<\/p>\n

The grievances focus on the privatization and subsequent management of TCI, a formerly state-owned enterprise privatized in 2009 in a controversial process that transferred majority control not to the private sector, but to entities closely tied to the Islamic Revolutionary Guard Corps (IRGC) and the Office of Iran\u2019s Supreme Leader.<\/p>\n

Privatization Under a Controlled Structure<\/h3>\n

In 2009, as part of a government-mandated privatization effort under Article 44 of the regime\u2019s Constitution, 51% of TCI shares were sold to the Etemad-e-Mobin Consortium<\/a> for approximately 7.8 trillion tomans (around $8 billion\u00a0at the time)\u200b.<\/p>\n

The consortium was composed of:<\/p>\n

    \n
  • \n

    Tose\u2019e Etemad Investment Company (linked to Setad\/EIKO),<\/p>\n<\/li>\n

  • \n

    Shahriar Mahestan Investment Company (affiliated with the IRGC’s Basij Cooperative Foundation),<\/p>\n<\/li>\n

  • \n

    Mobin Electronic Development Company (linked to Setad\/EIKO).<\/p>\n<\/li>\n<\/ul>\n

    \n

    #Iran<\/a>: Power Outages in #WINTER<\/a>, a Result of the Regime\u2019s Plundering Policies, Especially of the Revolutionary Guards & Khamenei\u2019s Institutions.
    IRGC and Khamenei-affiliated institutions have acquired thousands of Bitcoin miners into the country.     #Iranian<\/a>https:\/\/t.co\/llzQOlfSsY<\/a><\/p>\n

    — NCRI-FAC (@iran_policy) January 15, 2021<\/a><\/p><\/blockquote>\n