Gazelle Sharmahd is fighting for the release of her father Jamshid Sharmahd, a US resident who is on death row in Iran. Photo: Gazelle Sharmahd
Gazelle Sharmahd is fighting for the release of her father Jamshid Sharmahd, a US resident who is on death row in Iran. Photo: Gazelle Sharmahd
Gazelle Sharmahd is fighting for the release of her father Jamshid Sharmahd, a US resident who is on death row in Iran. Photo: Gazelle Sharmahd
Gazelle Sharmahd is fighting for the release of her father Jamshid Sharmahd, a US resident who is on death row in Iran. Photo: Gazelle Sharmahd

Fears for German man on death row in Iran as his US family say 'Biden is failing us'


Laura O'Callaghan
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The daughter of a US resident on death row in Iran says the Biden administration is failing her father by distancing itself from his case as he awaits execution.

Jamshid Sharmahd, 68, has been detained by the regime since July 2020 after being convicted of spying and “corruption on earth” during what his family say were “show trials in a kangaroo court”.

The human rights activist, who holds dual Iranian-German citizenship and American residency, has been sentenced to death in his country of birth.

He has shown signs of torture, his daughter said, including missing teeth, facial bruising and difficulty walking.

Before he was captured, Mr Sharmahd, an outspoken critic of the hardline Iranian regime, ran a satellite radio station that offered people a space to voice their views on authorities.

‘I will scream as loud as I can to save my father’

Speaking to The National from her home in Los Angeles, California, his daughter Gazelle Sharmahd, 41, pledged to “scream as loud as I can” and not give up in her efforts to pressure the US and Germany to intervene to stop her father being killed.

Her mission has become even more pressing since Iran’s execution of British-Iranian citizen Ali Reza Akbari last week, which drew condemnation from the UK government. The former Iranian defence minister had been convicted of spying.

Ms Sharmahd said her campaign is growing more urgent by the day.

“We are very, very worried about him,” she said of her father. “The conditions of detention are so horrific that we worry he may not survive that. He is on death row now.

“I am trying to scream as loud as I can and take every opportunity to talk about his case.

“Unfortunately, the US government has failed us so far. We hope that will change.

“He has foreign citizenship and the regime uses these people ― dual nationals ― as bargaining chips. We have seen that with Nazanin Zaghari-Ratcliffe and Anoosheh Ashoori. They use them to get whatever they want from the West.

“We said [to the regime’s lawyers], ‘what can we do to save him?’ They said, ‘nothing, the German government has to talk to us’.”

“They’re not even hiding the fact that they are using him to get something from Germany,” she added, suggesting they are hoping to secure a prisoner exchange.

Jamshid Sharmahd with his wife and daughter before he was abducted in July 2020 and taken to Iran. Photo: Gazelle Sharmahd
Jamshid Sharmahd with his wife and daughter before he was abducted in July 2020 and taken to Iran. Photo: Gazelle Sharmahd

The mother of one, with her brother, mother and wider family, has spent the past two and a half years appealing to the US and German governments to use their leveraging power to secure the release of Mr Sharmahd.

More than 80,000 people have signed a petition urging German Foreign Minister Annalena Baerbock to intervene in the case to “save a human life”.

In a statement to The National, Germany's Foreign Office said its staff and those in the embassy in Tehran “have been campaigning for consular access to Mr Sharmahd for quite some time”.

“Iran consistently denies this ― as it does in principle with detainees with German-Iranian citizenship,” the statement said.

“The German embassy in Tehran has repeatedly advocated monitoring the trial of Mr Sharmahd. Time and again, however, German diplomats were turned away at the court in Tehran.

“Beyond the question of consular access, the Federal Foreign Office is also making the case very clear to Iran. We have repeatedly made it clear to Iran that we oppose the death penalty under all circumstances. It's cruel, it's demeaning and it's inhuman.”

The US government has been contacted for comment.

Since the death of Mahsa Amini last September, Iran has faced the largest anti-government protests in 20 years. Ms Amini, 22, was arrested by the morality police after wearing her hijab “inappropriately” and died in hospital shortly afterwards. Her family say she was tortured but an Iranian coroner said her death was due to an underlying illness.

The incident unleashed overwhelming amounts of pent-up anger among millions of Iranians spanning class, gender and generations, leading to demonstrations across the nation. In response, the authorities used fear and force, firing metal and plastic pellets into crowds. Hundreds of people have reportedly been blinded. Thousands of peaceful protesters have been arrested and tortured and at least four men executed over their involvement in the rallies.

The violence has led to clarion calls in the West for governments to designate Iran's Islamic Revolutionary Guard Corps as a terrorist organisation. Ursula von der Leyen, the European Commission President, this week voiced support for such a move at the World Economic Forum.

The UK also appears to be inching towards taking the step, as MPs last week unanimously voted for a motion urging the government to put the IRGC in the same category as Al Qaeda and ISIS. Bob Blackman, the Conservative politician who tabled the resolution, told The National that it is a question of when, not if, the UK will follow in the direction of the US.

“London is one of the world’s financial capitals and if government can sequester the group’s assets it will severely damage it,” he said.

“I would hope that we could operate jointly with the United States and if we could convince the Germans and the French as well to jointly [work with us] so that we could literally seize all their assets.”

Ms Sharmahd hopes the global outrage over Iran’s treatment of civilians will raise her father's profile and prompt western governments to exert enough pressure on Tehran to convince them to change course.

Assassination attempt in LA

As a young man who had been educated abroad, Mr Sharmahd held a forward-thinking world view and values based on human rights that did not align with the insular nature of the hardline regime in his homeland.

After incurring grave risk to his safety by speaking out, he fled the country after the 1978-1979 Iranian revolution.

He settled in Germany with his wife and a young Gazelle and within a few years, they had welcomed a son, Shayan.

After relocating to Los Angeles in 2003, they settled into the city’s large Iranian diaspora community.

Determined to use his skills to help those in his homeland, Mr Sharmahd built a website for a California-based Persian language TV station to provide a platform to share archived videos.

The Iranian regime was incensed by the site, which carried criticism of its conduct, and a “massive cyber attack” revealed the creator of the site as Mr Sharmahd.

Exposed, he was left vulnerable to attacks. What happened next, his daughter said, sent shock waves through the family, who had been living in relative peace in the hills of the City of Angels.

“In 2009 they sent an assassin to LA to assassinate my dad,” she recalled. “That was the first time that we really felt the regime wanted to kill my father.

“The regime likes to target people who work against it and they started harassing my dad.

“They posted a picture of his passport on state TV and called him an enemy of Iran. They called him a spy for Mossad, the CIA, the FBI.

“Naively I said, ‘why do you do this?’ He said, ‘if you don’t do it, will someone else?'

“Once I had my daughter, I understood what he meant. There are not many people who have done the right thing, what he did ― trying to make the world a little bit better.”

Jamshid Sharmahd, an Iranian-German citizen and US resident, in a court room in Tehran in February 2022. AP
Jamshid Sharmahd, an Iranian-German citizen and US resident, in a court room in Tehran in February 2022. AP

After evading the attempt on his life, rather than disappear into the shadows, Mr Sharmahd pushed forward with his work. He established a satellite radio station that could be picked up by people in Iran, offering them a space to voice their concerns over the regime’s actions.

Ms Sharmahd said her father managed to conduct business in India and travel to Europe, skirting attempts by the Iranian regime to “lure him” towards the country.

But things took a turn for the worse in July 2020, when he disappeared while flying to Mumbai.

After a few days, his relatives received a message saying, “I am OK, I will contact you”, which they suspected was either from another party or their father acting under duress.

Sentenced to death

Their worst fears were realised weeks later when the family patriarch appeared on Iranian state TV with a swollen face and a blindfold over his eyes, “confessing to crimes that he did not commit”.

“That’s when we found out that my dad was kidnapped,” Ms Sharmahd said. “To know that they can just kidnap people and nobody can do anything about it.

“They had a forced confession from him.”

He has since been kept in solitary confinement at an undisclosed location in Iran, she said, and been subjected to several “show trials” in which he was charged with “corruption on earth” and sentenced to death.

The regime also maintains he was involved in a 2008 mosque bombing in Iran that killed 14 people — a charge he denies.

“They started to parade him as a criminal and a spy,” she said. “It’s not a real court. It’s a kangaroo court. There is no rule of law.”

Videos of the trials, in which he did not have legal representation, showed a gaunt-looking Mr Sharmahd who appeared to have lost up to 20 kilograms since the time of his capture. He also showed signs of missing teeth and had difficulty walking and breathing.

He is in the advanced stages of Parkinson’s disease and is being denied medication, his family say.

Despite the threats her father faces, Ms Sharmahd is still clinging to the hope that he will be released and finally get to meet his two-year-old granddaughter.

“We have lived with this threat for so long that I’m used to looking over my shoulder,” she said.

“If I didn’t have hope I would have given up.

“My father always told me: ‘It’s not about the outcome. You do something because it’s the right thing to do. The most important thing is that you try’.”

Gazelle Sharmahd with her father Jamshid Sharmahd before his abduction and detention in Iran. Photo: Gazelle Sharmahd
Gazelle Sharmahd with her father Jamshid Sharmahd before his abduction and detention in Iran. Photo: Gazelle Sharmahd
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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

UAE v IRELAND

All matches start at 10am, and will be played in Abu Dhabi

1st ODI, Friday, January 8

2nd ODI, Sunday, January 10

3rd ODI, Tuesday, January 12

4th ODI, Thursday, January 14

Updated: January 18, 2023, 3:22 PM