Investigative illustration of Mohammad Bagher Ghalibaf, Tehran Municipality, the IRGC finance network and the missing municipal ledger.

The Ghalibaf IRGC Finance Network: Tehran Municipality, Yas and the Missing Ledger

Introduction: The Ledger Behind the Network The Yas corruption case exposed only part of a much larger financial system built inside Tehran City Hall during Mohammad Bagher Ghalibaf’s mayoralty. From 2009 onwards, Tehran Municipality committed public property, development rights, municipal revenues and other city assets to financing arrangements with the IRGC Cooperative Foundation. IranSTO refers

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