US probes Iran’s Supreme Leader money flows through Wall Street banks
A man walks past a billboard featuring the portraits of Iran's new Supreme Leader Ayatollah Mojtaba Khamenei (right) and the late Supreme Leader Ayatollah Ali Khamenei (left) in Srinagar, Jammu and Kashmir, on June 15, 2026.
The US Justice Department is investigating how Iran’s Supreme Leader Mojtaba Khamenei built a global investment portfolio with exposure to Wall Street banks, Bloomberg reported, citing four officials with direct knowledge of the matter.
The probe is examining allegations of money laundering and corruption, including possible involvement by American financial institutions such as JPMorgan Chase and Citigroup in facilitating large money movements between firms overseen by Khamenei, according to the report.
Bloomberg said investigators are looking at the role of US correspondent banks and possible gaps in due-diligence procedures that may have allowed financial flows linked to Khamenei’s network. The existence of the probe does not mean charges will be filed, the report said.
Khamenei, who became supreme leader in March after his father was killed in a US-Israel airstrike at the start of the Iran war, has not been seen publicly since taking office.
Bloomberg previously reported that Khamenei had built a sprawling business empire involving Persian Gulf shipping, Swiss bank accounts and luxury properties in Britain, with funds routed through financial institutions in the UK, Switzerland, Liechtenstein and the UAE.
The report said the Justice Department’s investigation has become more diplomatically sensitive as Washington and Tehran move through an interim peace agreement that was signed Wednesday to end the war and open talks on wider issues, including Iran’s nuclear program.
Before becoming supreme leader, Khamenei relied heavily on financier Ali Ansari, whose banking, construction and trading interests served as a conduit for moving funds abroad, Bloomberg reported. Ansari has denied any relationship with Khamenei.
The report said the DOJ is also examining European and Middle Eastern lenders, as well as property-related payments by the network to global brands, including Hilton Worldwide.
An illustration showing an ancient Iranian soldier and a Revolutionary Guard member holding a weapon together, displayed during a November 7 ceremony in Tehran where a statue of pre-Islamic Persian King Shapur I was unveiled.
Tehran’s unveiling of a towering statue depicting the Roman Emperor Valerian kneeling before pre-Islamic Persian King Shapur I has renewed criticism of the Islamic Republic’s appeal to nationalist sentiment following the June war with Israel.
For over forty years, the theocracy purged ancient Persian history from schoolbooks, replacing it with post-Islamic narratives. But after the 12-day conflict with Israel, officials have turned to the distant pre-Islamic past to rally a divided society.
From murals of ancient kings and soldiers to patriotic songs added to Shi’ite mourning ceremonies performed before Supreme Leader Ali Khamenei, Tehran now embraces imagery once deemed heretical by its own revolutionary ethos.
The statue unveiled in Tehran's Revolution Square
'Kneel before Iran' campaign
Tehran’s Revolution (Enghelab) Square was the scene of an unusual spectacle on Friday as officials unveiled a massive bronze statue depicting Roman Emperor Valerian kneeling in submission before Sassanid King Shapur I, commemorating Iran’s victory at the Battle of Edessa (260 AD).
The event was held under the slogan “Kneel before Iran,” part of what authorities describe as a campaign to project “national unity and historical pride” following the June war with Israel.
Tehran Mayor Alireza Zakani, a staunch ultraconservative, said on X: “Enmity with Great Iran can only end in kneeling before this historic nation.”
Municipal official Davood Goodarzi said the installation would be accompanied by visual displays depicting “other victories of Iranians over foreign aggressors,” including the defeat of British forces by local commander Rais-Ali Delvari, Mirza Kuchak Khan’s resistance against Russian troops, and Surena’s triumph over Rome at the Battle of Carrhae in 53 BCE.
The goal, Goodarzi said, is “strengthening concepts such as national dignity, social unity, and Iranian identity.”
The statue, he said, would remain temporarily at Revolution Square before being moved to a city gateway “where it will stand as the first emblem of Iran before diplomats and foreign visitors.”
Unveiled women were allowed to attend the unveiling ceremony—an uncommon scene at events organized by Tehran’s ultra-hardline municipality.
The turn to the pre-Islamic past
The sharp reversal also recalls remarks once made by Khamenei. In a 2011 speech, he asserted that “all the great military victories of this nation came after Islam,” dismissing pre-Islamic accounts as “things that are not documented.”
In 1987, he had said that prophets triumphed over kings such as Cyrus and that “nothing remains of these monarchs in history but names remembered with derision.”
Nevertheless, pro-government social media accounts have now gone so far as to circulate posters equating Khamenei himself with Shapur, showing him standing with a staff as Benjamin Netanyahu and Donald Trump kneel before him. The caption reads: “You will kneel before Iran.”
Image circulating by hardliners on social media
'Hypocrisy'
Pro-government figures have hailed the move as a patriotic success. Conservative political reporter Hossein Saremi posted: “Today’s grand Iranian gathering showed that people and the state share one essence: Iran itself. Nothing can take our homeland away.”
Others, however, called the spectacle “hypocrisy.” Journalist Gholamhossein Pashaei wrote on X: “Every year you close Pasargadae to stop people from celebrating Cyrus Day, yet you unveil Shapur’s statue in Enghelab Square with drums and fireworks during Fatimiyya (mourning period)!”
Dissident commentator Hamid Asafi called the ceremony “a perfect snapshot of the Islamic Republic’s contradictions.”
On Telegram he wrote: “A week ago they closed Cyrus’s tomb out of fear of the crowds, and now they glorify Shapur in the same breath. The Islamic Republic fears living history but poses for selfies with its corpse.”
He added: “They know people no longer respond to rosaries and sermons. That’s why they’ve brought history back to the stage—in a controlled costume. If they can’t erase the past, they’ll try to own it.”
The irony deepened as UNESCO formally recognized Cyrus’s Charter as one of the earliest human-rights documents.
President Masoud Pezeshkian wrote on X: “Iran, the cradle of dialogue, justice, and coexistence, can still inspire peace today.”
Users swiftly replied, questioning how such pride could coexist with a government that blocks access to Cyrus’s tomb each year to those wishing to visit it on his birthday.
