iran sentences fugitive exbank chief to jail
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Iran sentences fugitive ex-bank chief to jail

Arab Today, arab today

Arab Today, arab today Iran sentences fugitive ex-bank chief to jail

At least 20 people were arrested in Iran, including the head of the state-owned Bank Saderat
Tehran - Arab Today

The former head of Iran's largest state-owned bank, who fled to Canada over a record-breaking $2.6 billion embezzlement scandal, has been given a 20-year prison sentence and $6 million fine in absentia, the judiciary said on Saturday.

Mahmoud Reza Khavari, the former head of Bank Melli, took refuge in Canada, where he has citizenship, after the scandal broke in 2011.

Moosa Ghazanfarabadi, head of Tehran's Revolutionary Court, told the conservative Fars news agency that Khavari had been sentenced to 20 years for "disrupting the economic system" and 10 years for bribery, to run concurrently.

Each charge carried a $3 million fine, and the verdict was still open to appeal.

Khavari obtained Canadian citizenship in 2005, and Canada does not have an extradition agreement with Iran.

The scam, described as the largest in Iran's history, was uncovered by prosecutors during the tenure of hardline president Mahmoud Ahmadinejad.

Prosecutors found a private group named Amir Mansour Aria Development Co. had bought 40 companies, including a major steel mill, with forged letters of credit obtained from major banks whose managers had been bribed.

They amassed an estimated 30 billion rials ($2.6 billion).

The group was run by businessman Mahafarid Amir Khosravi, who was hanged in 2014 on charges of "corruption on earth... through bribery and money laundering".

His brother Mehrgan Amir Khosravi is also on the run and on Interpol's wanted list.

At least 20 people were arrested in Iran, including the head of the state-owned Bank Saderat, Said Kiani-Rezazadeh, who was also sentenced to death but is thought to still be in prison.

Khavari fled the country in September 2011, first travelling to Britain under the guise of a work trip before heading to Canada.

His assets in Iran include a house which has been seized, but it "does not suffice" to compensate for his reported thefts, a lawyer involved in the case told the ISNA news agency last month.

The case took on political dimensions when the finger was pointed at senior officials in Ahmadinejad's administration, which he dismissed as a smear campaign.

Ahmadinejad, who has fallen out of favour with the establishment, has accused the judiciary in recent weeks of politically motivated cases against his allies, and continues to level his own corruption allegations against key members of the government.

Source:AFP

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 sentences fugitive exbank chief to jail iran sentences fugitive exbank chief to jail

 



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 sentences fugitive exbank chief to jail iran sentences fugitive exbank chief to jail

 



GMT 04:22 2017 Tuesday ,26 December

Israel in touch with '10 countries' over embassy moves

GMT 19:43 2017 Friday ,06 October

Employee safety top priority at Khalifa Port

GMT 16:19 2017 Friday ,28 April

ISIS Suspect Arrested in Western Germany

GMT 12:57 2017 Monday ,11 December

50 Students Poisoned by Contaminated Well Water

GMT 16:31 2017 Thursday ,10 August

Palestinians will discuss decline of aids

GMT 21:15 2017 Saturday ,04 March

Obama never ordered surveillance on any US citizen

GMT 10:00 2017 Thursday ,09 March

Russia ‘can be good friends with GCC’

GMT 02:13 2017 Wednesday ,22 February

Russian helicopter crash kills 19 in Siberia

GMT 13:23 2017 Tuesday ,05 December

Lebanon PM Hariri rescinds resignation

GMT 00:39 2017 Tuesday ,05 December

Gunmen kill cleric in Aden, southern Yemen

GMT 11:43 2016 Thursday ,24 November

Will learn from Euro exit

GMT 06:56 2017 Tuesday ,17 October

US ‘not taking sides’ between Iraqi forces, Kurds

GMT 19:59 2017 Thursday ,16 February

Syrian opposition's chief negotiator arrives in Astana

GMT 15:41 2017 Thursday ,29 June

US sets new visa rules for 6 mainly Muslim nations

GMT 19:31 2017 Saturday ,11 February

Earthquake Hits Taiwan

GMT 15:30 2017 Monday ,27 November

Syrian government will not join peace talks on Monday

GMT 16:20 2017 Tuesday ,31 October

La Rochelle survive red card to down Toulouse

GMT 20:33 2018 Tuesday ,16 January

Bahraini official receives UAE Ambassador

GMT 22:40 2018 Monday ,08 January

Bahrain to host first Baby Games
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 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

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