Iran General NewsIran arrests nine more people in $2.6 billion bank-fraud...

Iran arrests nine more people in $2.6 billion bank-fraud case

-

Bloomberg: Iran’s judiciary said it has arrested nine more people in connection with a $2.6 billion banking fraud, the biggest in the country’s history.

Bloomberg

By Ladane Nasseri

Iran’s judiciary said it has arrested nine more people in connection with a $2.6 billion banking fraud, the biggest in the country’s history.

With the latest arrests, the authorities have detained 31 of 67 suspects in the case, Prosecutor General Golamhossien Mohseni-Ejei told state television in an interview aired late yesterday. Asked whether any “prominent” person was among the suspects, he said the positions held by anyone linked to the case won’t impede the investigation.

Seven state and private banks are alleged to be connected to the fraud, which involved forging letters of credit from Bank Saderat, which is partly state-owned, to secure loans used to buy state-owned companies, Iranian state media have said.

Amir Mansour Aria Development Co. and affiliated companies linked to the family of businessman Amir Mansour Khosravi are the main entities suspected of roles in the scam, Mohseni-Ejei said on Oct. 3. President Mahmoud Ahmadinejad, who campaigned against corruption before taking office in 2005, has come under pressure as critics accuse his close aide and relative, Esfandiar Rahim Mashaei, of having ties to Khosravi. The government has denied any connection to the alleged fraud.

Eleven members of parliament called this month on the parliament’s speaker, Ali Larijani, to look into “transgressions” of the law by top officials, including Ahmadinejad, Central Bank Governor Mahmoud Bahmani and Economy and Finance Minister Shamseddin Hosseini.

Lawmakers summoned Hosseini on Oct. 23 for questioning, giving him 10 days to appear before parliament, according to the state-run Mehr news agency.

Latest news

Iran, the Resurrection of the Concept of ‘Revolution’

These days, Iran’s political and social environment has witnessed massive storms, which have changed the meaning of all concepts....

Iran Regime’s Response to Protests Censorship and Violence

The Iranian regime’s leadership has reacted to the ongoing wave of protests over the death of Mahsa Amini, the...

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

Must read

Iran’s secret police arrest 10 for oil city bombings

Iran Focus: Tehran, Iran, Mar. 02 – More than...

U.S. seeks support for sanctioning Iran

Washington Post: The Bush administration stepped up its campaign...

You might also likeRELATED
Recommended to you