(OTHER)Kerry Has Investments in Companies Accused of Violating Iran Sanctions.(WS).John Kerry, who will be nominated later today to be the next secretary of state, is the richest member of the U.S. Senate. His estimated net worth is, at minimum, $198.65 million, according to disclosure forms.
Kerry's disclosure forms also reveal that he has invested in companies accused of doing business with Iran.
One of the companies Kerry is invested in is called Petroleo Brasileiro SA Petrobras (Petrobras), it's a Brazilian-based oil and gas corporation. Disclosure forms reveal that Kerry has between $150,000 and 350,000 in assets in the company. (SO DO OTHER PEOPL INVOLVED WITH GEORGE SOROS)But a 2009 report from Congressional Research Services found that, since 1999, Petrobras has "major investments in Iran's energy sector."
The next year, in 2010, Congress lised Petrobras as a company possibly violating Iran sanctions.
"Among the companies on the list Congress sent to the State Department is the Brazilian state-controlled energy conglomerate Petrobras, which last year received a $2 billion Export-Import Bank loan to develop an oil reserve off the coast of Rio de Janeiro." Senator Kerry did not sign the letter asking the Obama administration to investigate Iran sanctions violators
The New York Times has labeled that company "Possible violator of the Iran Sanctions Act."
And media reports suggest Petrobras only wants to expand its investments and business in Iran.
Petrobras is not the only company Kerry has money in that's accused of violating U.S. law.Hmmm......"Sanctions that Benefit."Read the full story here.