A year-long investigation has revealed details about an international property network connected to Iran’s new Supreme Leader, Mojtaba Khamenei. The investigation traced property records, corporate documents, and financial transfers across several countries. These records show how luxury homes, hotels, and investments were linked to a web of companies and associates.
According to the findings, many of the assets are not directly registered in Mojtaba Khamenei’s name. Instead, they appear under companies and individuals connected to a wider business network. The properties are spread across major global cities and are believed to be worth hundreds of millions of dollars.
Mojtaba Khamenei is the son of Ali Khamenei, who has led Iran for decades. The younger Khamenei has long been seen as a powerful figure behind the scenes in Iran’s political system. Reports say he has close ties to the Islamic Revolutionary Guard Corps, a powerful branch of Iran’s military that reports directly to the Supreme Leader.
Luxury Properties Spread Across Major Global Cities
One of the most prominent locations mentioned in the investigation is Bishops Avenue in North London. The street is often called “Billionaire’s Row” because it is lined with expensive mansions owned by wealthy international buyers.
Several houses on this street are linked to companies within the network. These homes are hidden behind tall hedges and security gates. Some appear mostly empty and are guarded by private security vehicles.
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Records show that more than a dozen properties in London are connected to this network. One mansion on Bishops Avenue was purchased for about 33.7 million euros in 2014. Other homes in nearby luxury areas are also linked to the same group of companies.
The network also includes property in Dubai. One luxury villa is located in a high-end district often described as the “Beverly Hills of Dubai,” an area known for large private estates and wealthy residents.
The investigation also identified hotel investments in Europe. A key example is the Hilton Frankfurt Gravenbruch hotel in Germany. The five-star property features a spa, country club, and large event spaces. Corporate records show the hotel is operated through Allsco Gravenbruch Hotelbetriebsgesellschaft mbH under a management agreement with Hilton Worldwide Holdings Inc..
Other real estate transactions connected to the network appear in Mallorca, Spain, Paris, France, and Toronto, Canada. In Toronto, a luxury penthouse in the Four Seasons private residences building was sold for around 7.7 million dollars in 2020. Records also show that part of a building in Paris was sold in 2023.
Offshore Companies and International Financial Transfers
The investigation found that these properties were purchased through a network of international companies registered in different jurisdictions. Some of the firms were set up in offshore financial centers such as Saint Kitts and Nevis and the Isle of Man.
Companies named in the documents include Ziba Leisure Ltd., Birch Ventures Ltd., A&A Leisure Ltd., and Midas Oil Industries FZC. These companies appear in corporate filings connected to property ownership and financial transactions.
Funds used for property purchases reportedly moved through bank accounts in several countries, including the United Kingdom, Switzerland, Liechtenstein, and the United Arab Emirates. Some transfers were linked to accounts connected to Abu Dhabi Islamic Bank PJSC.
According to people familiar with the transactions, much of the money originally came from profits linked to Iranian oil sales handled through trading networks connected to the National Iranian Oil Company.
Iran has faced strong international sanctions for more than two decades. As a result, parts of the country’s oil trade have moved into complex systems involving intermediaries, shipping firms, and trading companies across several countries.
Key Business Figures and Corporate Links
The investigation also highlights the role of Iranian businessman Ali Ansari. Authorities in the United Kingdom sanctioned Ansari for allegedly supporting activities connected to the Islamic Revolutionary Guard Corps.
Ansari built a large business empire in Iran that includes construction projects, wholesale markets, and financial institutions. He was also involved in creating TAT Bank in 2009, which later became Ayandeh Bank before collapsing in 2025.
Corporate records also show that Moris Mashali served as a director in several companies connected to the hotel and property investments.
Analysts and organizations such as Transparency International UK say international real estate markets sometimes attract wealth linked to political elites because ownership structures can be difficult to trace. Officials in European cities, including Frankfurt deputy mayor Nargess Eskandari-Grunberg, have raised concerns about foreign financial networks operating within property markets.