Former exec with TVA pleads guilty to multiple charges

KNOXVILLE, Tenn. - A former Tennessee Valley Authority Vice President has pled guilty to several charges that could land him in prison for up to eleven years.
The U.S. District Attorney's office said Masoud Bajestan admitted to unlawful financial investments in Iran, and two counts of filing false income tax returns
The 58 year old has also agreed to hand over $600,000 used in the illegal activity.
Sentencing is set for January 15 of next year.

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