Iran General NewsIran holds main suspect for $2.6 bln scam, Fars...

Iran holds main suspect for $2.6 bln scam, Fars says

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Bloomberg: Iranian police detained the main suspect behind a $2.6 billion bank fraud, one of the biggest in the country’s history, the state-run Fars news agency reported, citing Iran’s economy and finance minister Shamseddin Hosseini.

Bloomberg

By Ladane Nasseri

Iranian police detained the main suspect behind a $2.6 billion bank fraud, one of the biggest in the country’s history, the state-run Fars news agency reported, citing Iran’s economy and finance minister Shamseddin Hosseini.

Seven state-owned and private banks were linked to the case that entailed the forging of documents to secure credit, which was then used to purchase state-owned companies, the news agency said, in a report published today without giving further details.

Prosecutor-General Gholamhossein Mohseni-Ejei said yesterday that 19 people, including the main suspect, had been arrested, according to the report.

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