Mahmoud Ahmadinejad

Outgoing Iranian President Mahmoud Ahmadinejad was swarmed by a group of citizens protesting the loss of their savings in the Tabriz Nasr Secured Loans Fund.

Local websites report that the crowd stopped the president’s vehicle and chanted slogans, demanding government intervention in their situation.

The report indicates that one of the protesters was briefly “entangled” with Ahmadinejad.

The investors, who lost the savings they’d put in the Tabriz Nasr Secured Loans Fund, reportedly have been staging protests in front of the governor’s office for several days.

ISNA reports that Ahmadinejad assured the crowd that he would raise the issue at today’s cabinet meeting with the head of the Central Bank with the aim of finding a satisfactory solution to the loss of people’s savings.

The Ahmadinejad administration has been repeatedly accused of mishandling the economy.