ID :
212405
Wed, 10/12/2011 - 12:58
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Shortlink :
https://www.oananews.org//node/212405
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Iranian Judiciary Makes 14 New Arrests in Bank Scandal
TEHRAN (FNA)- Iran's top prosecutor reported 14 new arrests in connection with a $2.6 billion embezzlement uncovered last month.
The new arrests, coming atop 22 arrests already reported, were announced by Gholam Hossein Mohseni Ejei, the national prosecutor general, at a news conference in Tehran.
He did not identify any of the suspects, but it is speculated that they include a number of bank managers.
Last week, Ejei announced that the judiciary has arrested 22 of 37 suspects over $2.6 billion bank corruption case, while 15 more have been summoned to the court.
Speaking in an interview with Iran's state-run TV last Tuesday, Prosecutor-General Gholam Hossein Mohseni Ejei said the bank corruption case started in 2007 by Amir Mansour Aria Development Co. and affiliated companies linked to the family of businessman Amir Mansour Khosravi, and progressed in 2010 after some banks, including Sadarat and Melli Bank, issued loans for the company.
According to Javan Daily, Amir Mansour Khosravi owns 38 factories, most of which are steel factories. Khosravi had registered a company with 200 billion rials ($20 million) five years ago. Khosravi had bought 230 acres of land on Kish Island and hundreds acres of land near Kashanak at the price of 16 rials (0.16 cent) per meter.
Ejei added that prime suspects have been sent to a Tehran prison from the southwestern city of Ahvaz pending further investigation.
Seven state and private banks are linked to the fraud, which involved forging of letters of credit from Bank Saderat, which is partly state-owned, to secure loans that were used to buy state-owned companies, Iranian media said. Some of the money was transferred offshore, Mohseni-Ejei said.
The $2.6 billion embezzlement scandal involving seven government-owned and private banks, which had used fraudulent Saderat Bank documents to secure multi-billion dollar credit and purchase state-owned companies, was recently uncovered.
Iran's Judiciary Chief Ayatollah Sadeq Amoli Larijani has appointed Prosecutor General Hojjatoleslam Gholam- Hossein Mohseni-Ejei to investigate the case.
The new arrests, coming atop 22 arrests already reported, were announced by Gholam Hossein Mohseni Ejei, the national prosecutor general, at a news conference in Tehran.
He did not identify any of the suspects, but it is speculated that they include a number of bank managers.
Last week, Ejei announced that the judiciary has arrested 22 of 37 suspects over $2.6 billion bank corruption case, while 15 more have been summoned to the court.
Speaking in an interview with Iran's state-run TV last Tuesday, Prosecutor-General Gholam Hossein Mohseni Ejei said the bank corruption case started in 2007 by Amir Mansour Aria Development Co. and affiliated companies linked to the family of businessman Amir Mansour Khosravi, and progressed in 2010 after some banks, including Sadarat and Melli Bank, issued loans for the company.
According to Javan Daily, Amir Mansour Khosravi owns 38 factories, most of which are steel factories. Khosravi had registered a company with 200 billion rials ($20 million) five years ago. Khosravi had bought 230 acres of land on Kish Island and hundreds acres of land near Kashanak at the price of 16 rials (0.16 cent) per meter.
Ejei added that prime suspects have been sent to a Tehran prison from the southwestern city of Ahvaz pending further investigation.
Seven state and private banks are linked to the fraud, which involved forging of letters of credit from Bank Saderat, which is partly state-owned, to secure loans that were used to buy state-owned companies, Iranian media said. Some of the money was transferred offshore, Mohseni-Ejei said.
The $2.6 billion embezzlement scandal involving seven government-owned and private banks, which had used fraudulent Saderat Bank documents to secure multi-billion dollar credit and purchase state-owned companies, was recently uncovered.
Iran's Judiciary Chief Ayatollah Sadeq Amoli Larijani has appointed Prosecutor General Hojjatoleslam Gholam- Hossein Mohseni-Ejei to investigate the case.
