UK Targets London Outpost of Iran Oil Kingpin ‘Hector’
- British officials raise concern on ownership disclosure breach
- London-based Nest Wise Trading was incorporated in June 2023
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The UK government is cracking down on an oil trading empire led by Hossein Shamkhani, whose web of firms have drawn scrutiny for helping move Iranian and Russian crude around the world, people familiar with the matter said.
Companies House, the country’s corporate register, gave notice on Sept. 3 that London-based Nest Wise Trading Ltd. is to be struck off and dissolved within months if it doesn’t take requisite steps, a filing in its Gazette shows. The threatened action is due to the entity’s failure to provide sufficient information to regulators, who’ve concluded its ultimate beneficial owner is Shamkhani, according to people familiar with the UK’s deliberations.