Zamaneh Media
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
Zamaneh Media
No Result
View All Result

Unprecedented fraud case yields four death sentences

by Zamaneh Media
February 18, 2013
in Latest Articles
Reading Time: 1 min read
0
Unprecedented fraud case yields four death sentences

The Tehran Prosecutor General has confirmed the death sentence for four of the people accused in Iran’s $3-billion fraud case.

Iranian media reported on Sunday February 17 that the Supreme Court of Iran has confirmed the death sentences as well as fines levied against the four top individuals charged with financial corruption in the case.

They are: Mahafarid Amir Khosravi, the head of Amir Mansour Arya Company; Behdad Behzadi, the company’s financial adviser; Iraj Shojai, the financial sources and investment development officer of Amir Mansour Arya Company, and Saeed Kiyani Rezazadeh, the head of Ahvaz Bank of Saderat branch. They will be executed following the necessary legal procedures.

All four were charged with “corruption on earth through disruption of the economic system of the country”, which includes crimes such as “embezzlement, money laundering and forgery.”

Reports indicate that the head of a Kish Melli Bank branch has been sentenced to life in prison and a fine for his involvement in the case.

The $3-billion fraud case involved a large network of banks and financial institutions that took part in the sale of fraudulent letters of credit, which led to a loss of $3 billion dollars shared by more than eight banks. Reports indicate that a Bank of Saderat branch in Khuzestan province used its connections with other Bank of Saderat and Melli Bank branches to get unlimited lines of credit without any proper collateral or acceptable repayment plans.

Previous Post

Supreme Leader stresses Iran doesn’t want nukes

Next Post

Reformists meet with Supreme Leader

Related Posts

Protests over Price Hikes in Iran Spread to Several Cities
Latest Articles

Protests over Price Hikes in Iran Spread to Several Cities

May 14, 2022
Civil Activists Arrested in Iran
Latest Articles

Civil Activists Arrested in Iran

May 9, 2022
Featured Items

ISNA: Swedish-Iranian professor to be executed in May

May 4, 2022
Latest Articles

Tensions between Iran and Sweden following the possibility of life imprisonment for a former Iranian official

May 2, 2022
Wage Suppression, Labor Strikes and Crackdown on Protests in Iran: Zamaneh’s Annual Labor Report is Out
Latest Articles

Wage Suppression, Labor Strikes and Crackdown on Protests in Iran: Zamaneh’s Annual Labor Report is Out

April 27, 2022
Featured Items

An interview with Rudy Bouma, Dutch Journalist who has witnessed two Ukrainian wars

April 17, 2022

RSS Iran in Other Media

  • Iran Hanged 26 People In 10 Days To Create Fear, Rights Group Says - ایران اینترنشنال May 28, 2022
  • Covid-19: Iranian-Kiwi's 2020 tale of family death and grief - 1News May 28, 2022
  • Iran's Zar Amir Ebrahimi wins best actress award at Cannes - Middle East Eye May 28, 2022
  • Senior Israeli delegation headed to US for Iran talks - The Jerusalem Post May 28, 2022
  • Iran expects over $9 billion exports to Iraq by March - Rudaw Media Network May 28, 2022
  • Iran disperses crowd angry over building collapse killing 29 - The Washington Post May 28, 2022
  • Iran rejects Turkey's threat to launch incursion into Syria, calls for dialog - Press TV May 28, 2022
  • Iran says crew of two seized Greek tankers not detained and are on board - Reuters.com May 28, 2022
  • US-Iran conflict in Middle East region - Press TV May 28, 2022
  • Iran urged to finalise ‘Ziarat Policy’ to boost religious tourism - The Express Tribune May 28, 2022
  • Iran shows off underground drone base, but not its location, state media report - Reuters.com May 28, 2022
  • As Diplomacy Falters, Iran's Nuclear Program Creeps Ahead - The National Interest Online May 28, 2022
  • Iran Sees No Reason To Negotiate As US Allows Oil Exports - ایران اینترنشنال May 28, 2022
  • Iran’s Men’s Team Comes 2nd in 2022 IWBF Asia Oceania Championships - Tasnim News Agency May 28, 2022
  • Israeli Official Visits Riyadh To Discuss Normalization, Iran Challenge - ایران اینترنشنال May 28, 2022
  • Addressing Dust Storm Issue An Urgent Priority for Iran Foreign Ministry: FM - Tasnim News Agency May 28, 2022
  • Afghan Cleric Sent To Iran As Diplomat Cannot Find Housing For Large Family - ایران اینترنشنال May 28, 2022
  • Suicide drones launched from inside Iran said to have hit Parchin military site - The Times of Israel May 27, 2022
  • Israeli leadership divided on Iran deal - Al-Monitor May 27, 2022
  • Ukraine war threatens Iran's last economic lifeline - CNN May 27, 2022
Zamaneh Media

© 2020 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise

© 2020 Zamaneh Media