iran parliament impeaches economy minister
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

For alleged laxity in monitoring banks

Iran parliament impeaches economy minister

Arab Today, arab today

Arab Today, arab today Iran parliament impeaches economy minister

Iranian Economy Minister Shamseddin Hosseini
Tehran - AFP

Iranian Economy Minister Shamseddin Hosseini Iran's parliament on Sunday launched an impeachment process against the economy minister for alleged laxity in monitoring banks, in fallout from a 1.6-billion-dollar embezzlement scandal .
The impeachment of Economy Minister Shamseddin Hosseini will focus on his alleged lax oversight of banks and handing out posts to individuals without properly vetting them, the state television's website reported.
The minister must appear before parliament within 10 days.
In mid-September, officials began a probe into allegations that a private group had amassed trillions of rials through forged letters of credit approved by half a dozen Iranian banks.
Revelations of the scam, which had initially been estimated at 2.6 billion dollars and billed as Iran's biggest ever, caused a media storm and prompted the country's supreme leader to call for restraint as investigations continued.
A member of parliament's presiding board, Omidvar Rezai, was quoted by local media as saying Sunday: "The minister will (also) be questioned ... regarding his failure to resist pressure exerted by executive officials."
Media opposed to President Mahmoud Ahmadinejad have published a letter attributed to his chief of staff and principal adviser, Esfandiar Rahim Mashaie, in which he reportedly asked Hosseini to facilitate the accused group's operations.
For the past several months, Mashaie has been the target of a fierce campaign led by hardliners in the ruling conservative camp, who accuse him of leading a "current of deviation" to undermine the regime's principles.
Ahmadinejad, whose decision to stand by Mashaie has angered conservatives, also slammed the new charges against his government.
In an interview with CNN, a transcript of which was published by Iranian media, Ahmadinejad said Saturday he expected the judiciary would clear all members of his government of involvement in the scam.
Parliamentary impeachment of ministers is relatively common in Iran, where the government and parliament traditionally have an uneasy relationship.
The last official to have paid the price was transport minister Hamid Behbahan, who was impeached and sacked by parliament in February after a deadly plane crash.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iran parliament impeaches economy minister iran parliament impeaches economy minister

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iran parliament impeaches economy minister iran parliament impeaches economy minister

 



GMT 02:50 2017 Thursday ,12 October

14 dead, 25 missing after China landslide

GMT 09:05 2017 Thursday ,06 April

Asian markets sink with Wall St after Fed minutes

GMT 15:03 2017 Wednesday ,20 September

King Salman allocates $15 million for Rohingya refugees

GMT 02:15 2017 Wednesday ,12 July

ASEAN, Japan to strengthen economic cooperation

GMT 03:00 2018 Wednesday ,12 September

HM King hails Bahrain-US ties

GMT 07:43 2017 Monday ,06 February

Extremists puncture houses in Mousl to escape 

GMT 09:48 2016 Saturday ,27 August

South Sudan wants big budget

GMT 06:31 2018 Wednesday ,03 January

BP says to take $1.5bn hit on US tax reforms

GMT 05:45 2017 Wednesday ,13 December

Japan carmakers make fresh push on hydrogen stations

GMT 10:33 2014 Wednesday ,10 September

Tesla chief says self-driving cars just around corner

GMT 09:00 2017 Monday ,15 May

Oman to host World Cancer Congress 2020

GMT 13:41 2017 Wednesday ,18 January

Indian court clears Bollywood star Salman Khan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday