Monday, July 30, 2012

Iran Sentences Four to Death in Banking Scandal

Iran has sentenced four people to death for their roles in last-year’s billion-dollar banking fraud scandal. The embezzlement case, discovered in September 2011, revolved around forged documents allegedly used by the directors of an Iranian investment company to secure loans totaling $2.6 billion to buy state-owned enterprises. Thirty-nine people were tried for their involvement in the fraud.

"Four of the accused were sentenced to death," Prosecutor General Qolam Hossein Mohseni-Ejei announced. “Two others were sentenced to life imprisonment and others received sentences up to 25 years imprisonment.” (IRNA, 30 July).

Ejei did not name the individuals sentenced to death.

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