🚩 ‘Red flags’ have been raised over Nadhim Zahawi’s family links to a controversial Kurdish power broker for oil contracts, theipaper has been told
, from steel to oil, especially in the Kurdistan area of the country.
Sirwan Barzani has been accused in US court documents of “self-dealing” and “misappropriation” at his Iraqi telecoms company, but he denies these “baseless” claims. Mr Kopplin added: “It’s hard to put an exact number on the Barzani family’s assets because they are concealed through anonymous shell companies and trusts.”According to Kurdish financial records and public documents, IPBD Limited, Mr Zahawi’s fathers’ firm, which the minister advised between 2011 and 2018, holds multiple shared business interests with Sirwan Barzani.
In 2013 IPBD ran runs a joint venture with Sirwan Barzani called Jabal Sara, which according to promotional material from 2013 “has completed hotel and showroom projects and is currently developing a purpose-built office block and retail complex in Erbil”. It is not known if the JV is still operational.
Zahawi’s links to the oil-rich region, where the Barzani family are seen as crucial power brokers, run deep, and he was also appointed as the chief strategy officer at Gulf Keystone, a former financial backer of the APPG, in 2015.how Zahawi was known for being able to help make introductions between oil executives and Kurdish officials
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