Iran

Islamic Iran: No redlines in bank scam probe

Iran’s Judiciary Chief says there are no redline in investigating the recent bank fraud case and all culprits will be held accountable regardless of their position.

Addressing a gathering of judges and judiciary officials in the city of Zanjan on Wednesday, Ayatollah Sadeq Amoli Larijani said that the Judiciary would not stop probing the biggest financial fraud in Iran’s banking history regardless of where the investigation led, IRNA reported.

Seven state-owned and private Iranian banks are said to be involved in a USD 2.8-billion embezzlement, which involved forging documents to secure multi-billion-dollar loans and purchase state-owned companies.

Ayatollah Amoli Larijani explained that “Some people create hurdles in the way of probing cases [of financial fraud] to the extent that we are forced to fight to maintain the authority and independence of the Judiciary.”

Ayatollah Amoli Larijani recently appointed Prosecutor General Hojjatoleslam Gholam- Hossein Mohseni-Ejei to scrutinize the case.

On Monday, Mohseni-Ejei announced that 22 people have been detained in connection with the massive fraud, making assurances that necessary measures have been taken to prevent the criminals from leaving the country or transferring money to offshore accounts.

Last week, Tehran’s interim Friday Prayers leader Hojjatoleslam Kazem Seddiqi highlighted the assurances made by Iran’s Judiciary Larijani to prosecute those involved in the graft case.

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