A member of Iranian Parliament’s Industry and Mining Commission has announced the discovery that $400 million in credit was issued fraudulently for the supposed purpose of importing airplane parts.

Mobed Hosseini Sadr told ILNA: “In past years, while the country was under sanctions, an individual was issued $400 million in credit by the government to import airplane parts, and these goods never entered the country.”

He added that he is in possession of all the documents regarding this matter, which is now being investigated by Parliament.

Hosseini Sadr added that under the former administration, such abuses were not uncommon. The Ahmadinejad administration has been continuously accused by the new administration of squandering and stealing money, and so far the former president’s reaction has been to deny the allegations.