Teddy Zina Rahme
Businessman; co-owner of ZR Energy
Sanctioned & indictedTeddy Zina Rahme co-owned ZR Energy with his brother Raymond. Beyond the US Treasury's corruption designation both brothers received, Teddy Rahme and the company ZR Energy DMCC were separately named in a criminal indictment covering the same fuel-import scheme.
تيدي زينة رحمة الشريك الثاني في شركة ZR Energy، وإلى جانب العقوبات الأمريكية المفروضة عليه في نيسان 2023، وُجّهت إليه وإلى الشركة لائحة اتهام جنائية بتبييض الأموال والرشوة والاحتيال في القضية نفسها.
The scheme and the indictment
As with his brother, the underlying conduct was the 2017 EDL fuel subcontract, under which the Rahmes' company supplied fuel later found to be substandard and, according to Lebanese judicial findings, deliberately blended to obscure its non-compliance.
The US Treasury sanctioned Teddy Rahme alongside Raymond in April 2023 under Executive Order 13818. A separate indictment named Teddy Rahme and ZR Energy DMCC on charges of money laundering, bribery, and fraud in connection with the scheme.
Current status
At the February 2025 review, the US sanctions designation remained in effect and the criminal indictment against Teddy Rahme and ZR Energy DMCC had not resulted in a published conviction. A charge or indictment is an accusation, not a finding of guilt.
Timeline
- 2017
EDL subcontract
ZR Energy, co-owned by Teddy Rahme, secures the EDL fuel subcontract.
- 2020
Concerns raised
Fuel supplied under the subcontract is flagged as non-compliant.
- Apr 2023
US sanctions
OFAC designates Teddy Rahme for corruption alongside his brother.
- 2023
Criminal indictment
Teddy Rahme and ZR Energy DMCC are named in an indictment on money laundering, bribery and fraud charges.