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The closed circle of the power struggle in Iran over the presidency

With Ali Larijani entering the Iranian presidential election campaign, the show took on a new flow that may disrupt Khamenei's pre-orchestrated election. On the one hand, he had removed the forein minister Javad Zarif from competition by having released the audio file of his internal speeches; on the other, he had advised Hassan Khomeini, the grandson of Ruhollah Khomeini, not to participate in the elections and had, in an unprecedented manner, made 220 members of parliament want Ibrahim Ra'isi to run for office.
Khamenei clearly has the intention to have Ra’isi come out of the ballot box. Khamenei had to inevitably accept Hassan Rouhani as president in the last election 4 years ago for the fear of another uprising because people hated Ra’isi for the massacre of 30,000 political prisoners in 1988 - most of whom being members and supporters of the Mojahedin Khalq Organization (MEK) – and called him Ayatollah Death. Two years later, Khamenei, in a consolation to Ra’isi, appointed him as head of the judiciary replacing Sadegh Larijani, Ali Larijani's brother.
And in his Nowruz speech, emphasizing fear of what happened during the 2009 elections, Khamenei stressed that the elections should not be bipolar; albeit, both poles are under the jurisdiction of Velayat-e-Faqih. It should be noted that in 2009 there was a rift between the two so-called reformist factions, led by former Prime Minister Mir Hossein Mousavi and Parliament Speaker Mehdi Karroubi on the one hand, and the Conservative faction led by Ahmadinejad on the other.
Due to the widespread fraud carried out on Khamenei's orders to conjure Ahmadinejad out of the ballot box, the people revolted against Khamenei's decision and the appointment of President Ahmadinejad, and in a short time there were widespread demonstrations all over Iran. Khamenei was forced to kill and arrest his opponents extensively in order to quell the uprising, and to put Mir Hossein Mousavi and Karroubi under house arrest, who were not freed after 12 years.
Interestingly, Ahmadinejad also angered Khamenei during the last two years of his presidency in a power struggle and was attacked by Khamenei's faction. This year, Ahmadinejad, too, has registered to run in the election, but because he knows that Khamenei's appointed Guardian Council will most likely disqualify him and not allow him to run in the election, he has threatened that if the Council disqualify him, he will boycott the election and will somehow tell his supporters not to vote.
It is noteworthy that the majority of Iranians have announced that they will not participate in the election and have boycotted it. And it is predicted that this time around there will be the lowest turnout in the last 42 years. This election will, therefore, make the illegitimacy of Khamenei's government more and more obvious. For this reason, Khamenei and all his Friday prayers have declared that participating in the elections is a national and religious duty and the solution to all the people's problems, and any kind of election boycott will be considered hostility towards the system. Ali Larijani, a former commander of the Revolutionary Guards (IRGC) has registered to run for the election as well. He was the speaker of the parliament for 10 years, during which time he expressed his allegiance to Khamenei many times.
He also showed that his only goal was to suppress and loot the Iranian people through the regime parliament. Recently, he played an important role in the infamous 25-year sale contract of Iran to China. He and his three brothers have a large part of Iran’s financial resources under their control through theft and plunder. Now that Khamenei’s death is imminent, they do not want to step out of power circle and hand over power to Khamenei's entourage. In particular, the former head of the judiciary, Sadegh Larijani, was recently charged with widespread corruption and embezzlement, and his deputy, Akbar Tabari, was sentenced to 31 years in prison for large-scale theft of several billion dollars.
And only at the behest of Khamenei has Sadegh Larijani himself been spared of the regime's internal audits and power struggles for the time being. If Larijani brothers step out of power circle, it is possible that after Khamenei’s death, their case will be reopened in the regime's civil war and their grand thefts will be exposed. Now, with the entrance of this new player in the presidential election game, Khamenei has become much more worried because he is well aware of the explosive situation of the society and knows that in case of any rift, there is a possibility of another uprising and explosion, which will be much bigger than the uprisings of 2009, 2018 and 2019. And if it happens, this time it will not be easily suppressed because 80% of the people are living below the poverty line, are fed up with this rule and have nothing to lose.
This time, the uprising of the people may lead to the overthrow of the entire Velayat-e-Faqih regime. This is something that the leaders of both ruling factions have repeatedly acknowledged. And they have warned each other that in the event of an uprising, the entire ship of the regime will sink.
by: Cyrus Yaqubi
Cyrus Yaqubi is a Research Analyst and Iranian Foreign Affairs Commentator investigating the social issues and economy of the middle east countries in general and Iran in particular.
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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