NewsSpecial WireIran oil ministry suspected of funnelling out $54 billion

Iran oil ministry suspected of funnelling out $54 billion

-

Iran Focus: Tehran, Feb. 24 – Comments from Iran’s Oil Minister this morning raised suspicions that some $54 billion was being fraudulently used by agencies within the Iranian government, a state-run news agency reported. “I refuse to answer”, was the reply Bijan Namdar-Zangeneh gave as he was questioned by reporters after a cabinet meeting regarding four affiliate oil ministry accounts currently holding $54 billion cash. Iran Focus

Tehran, Feb. 24 – Comments from Iran’s Oil Minister this morning raised suspicions that some $54 billion was being fraudulently used by agencies within the Iranian government, a state-run news agency reported.

“I refuse to answer”, was the reply Bijan Namdar-Zangeneh gave as he was questioned by reporters after a cabinet meeting regarding four affiliate oil ministry accounts currently holding $54 billion cash.

Fars News Agency, which is controlled by the office of Supreme Leader Ali Khamenei, said Namdar-Zangeneh gave his blunt response as reporters asked him to explain why the money had not been handed over to the treasury as required by law.

“Does the constitution not state that any revenue earned must be transferred to the treasury”, the oil minister was asked.

He simply replied, “Why are you shouting so much. I do not want to answer this question. You can write that I refuse to answer”.

He went on to say that altogether oil contracts result in more than $80 billion being transferred throughout the country.

The four affiliate companies that are currently holding money for the Oil Ministry are the National Iranian Oil Company, National Petrochemical Industries Company, National Iranian Gas Company, and National Oil Products Refinery and Distribution Company.

Latest news

Iranian Proxies Still Planning Attacks on US Forces

On Thursday, May 2, Avril Haines, the director of the U.S. National Intelligence Agency, told a Senate Armed Services...

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry spokesman, Nasser Kanani, in a weekly press briefing, claimed that...

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in sales attributed to the presence of the morality police, exerting...

Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1, the dire economic conditions of Iranian workers have reached a...

Only One-Fifth of Iran’s Annual Housing Needs Are Met

Beytollah Setarian, a housing expert, said in an interview that Iran needs one million housing units annually, but only...

Resignation, Job Change, and Nurse Exodus in Iran

The state-run Hame-Mihan newspaper has addressed the problems of the healthcare workforce in Iran, examining issues such as resignations,...

Must read

You might also likeRELATED
Recommended to you