Former TVA official gets probation for Iran investments

Former TVA official gets probation for Iran investments

KNOXVILLE (WATE) - A former Tennessee Valley Authority vice president received probation Tuesday for sending more than half a million dollars to Iran for financial investment purposes, which is barred under U.S. economic sanctions against Iran.

Masoud Bajestani was given two years of probation and told he cannot commit another federal, state or local crime; cannot illegally posses a controlled substance; or possess a firearm, destructive device or any other dangerous weapon.

He also must perform 120 hours of community service.

Bajestani was indicted in December for violating the International Emergency Economic Powers Act and making false statements to the TVA.

Bajestani was a vice president at the Watts Bar Unit II nuclear power plant during its construction phase.

The indictment alleges he took $1.5 million from his deferred compensation account and conspired with others to send $600,000 to Iran.

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