Monday, November 28, 2011

Investigation of Banking Scandal Widening

Iran's prosecutor general announced today that 126 people have been under probe and interrogated in connection with the biggest embezzlement case in the country's banking history.

Hojjatoleslam Mohseni-Ejei said that 27 of the 126 individuals investigated in the banking fraud case remain in detention and another 50 have already been indicted. He added that a score of state-owned and private Iranian banks and business entities are also being investigated over the $2.8-billion embezzlement scandal. The fraud reportedly involved the forgery of banking documents to secure loans that were then used to purchase state-owned companies.


Anonymous said...

This is just the tip of the iceberg, have we forgotten about the 18,5 billion dollars that was confiscated by Turkish border customs?

Anonymous said...

Anon 5:24 AM

According to regime apologists the theocracy is a wholesome and honest system of government.They deny that the 18.5 Billion dollars ever went to Turkey and want proof.Yet the evidence was plastered throughout the Turkish media yet these morons still convince themselves that it's false.
Just think that was a truck which was caught.Imagine there must have been many other trucks which got away and are still doing so with billions of dollars of Iran's money which rightfully belong to the Iranian people.

Unknown said...

This is just a case of score settling within the regim's henchmen.
If they really wanted to investigate corruption they would have been investigating the IRGC for profiteering from sanctions by running a smuggling interprise through UAE and Oman. In fact, it is no secret that the UAE had to dedicate a large section of dubai's port to accoumadate the IRGC smuggling needs.
This regime is rotten to the core and needs to go.

Anonymous said...

The biggest thief is the Mullah they call the supreme Leader. They should go after him.
The 3 billion will faint in comparison in how much he and his henchmen are stealing every year from the rev. plus the wealth controlled by the "Bonyade Mostazafan" that is under his control.

Bank Lending Criteria said...

"What's the Secret Service going to do to make sure it never happens again?" A question which I don't think will be address soon.