188:) is an intolerable scandal, adding that if administration officials are not able to handle the affairs, they should step down. In addition, he said that a number of members of parliament have introduced a motion, which envisages the establishment of a special committee to pursue the embezzlement case. With reference to top ranking Iranian government officials, the judiciary mentioned earlier that such a high level of corruption couldn’t have occurred without the support of various people, according to the Reuters report.
135:. He and three of his closest associates received the death penalty in July 2012. A total of 39 people were convicted of fraud in the case. On 24 May 2014, Khosravi was executed by hanging, while Khavari remains a fugitive. However, Khosravi’s lawyer said that he was made unaware of Khosravi’s execution, according to the
31:
involving the use of forged documents to obtain credit from at least seven
Iranian state and private banks to purchase recently privatized state-owned companies. The fraud reportedly extended over a four-year period, but became more serious in the months before the scandal broke in September 2011.
85:, the embezzlement was a "scheme to use forged documents or letters of credit to acquire assets, "including major state-owned companies" or "privatized government assets", (such as the Khuzestan Steel Company, a major steel producer) at one of Iran's largest banks,
211:(whom the conservatives strongly oppose) of having connections with Amir-Mansour Aria. According to CNN, the allegation linked to the president concerning the embezzlement of over $ 2.5 billion is one out of many allegations by Islamists.
42:, the head of a judicial investigations unit, has called the case "the most unprecedented financial corruption case in the history of Iran." The scandal has also been called "politically sensitive", involving
160:, "People should know all these (responsible) will be pursued. ... God willing, the traitorous hands will be cut." The leader also stated the media should not use the case to "strike at officials."
36:(also known as Amir-Mansour Aria) masterminded the scam, and as of late October 2011, at least 67 people have been interrogated and 31 of them have been arrested, with Aria being executed in 2014.
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and fled to Canada after the bank was implicated in the fraud. However, a spokesman for the bank stated that
Khavari had gone to Canada for "ordinary business reasons". According to the
195:, a defendant argued that senior officials associated with the scandal had walked away, while individuals with low-level involvement had been intensely prosecuted by the judiciary.
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143:, the Iranian chief prosecutor said that two other defendants were sentenced to life in prison, whereas 33 more are set to receive prison sentences as high as 35 years.
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reports that 22 suspects, "including businessmen and bank officials" have been arrested, and the chiefs of two banks have been dismissed. On 27 September 2011,
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112:, Mahmoud Reza Khavari owned a $ 3 million house in Toronto under his own name, and according to Iran News Update, Khavari allegedly acquired
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had masterminded the scheme, with his Aria
Investment Development Company being the primary recipient of the loans. Khosravi was convicted of
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rejected the accusations against some of his administration's officials. Conservative critics of
Ahmadinejad have accused his close aide,
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newspapers and TV channels, the fraud was planned within seven state-owned and private banks, including
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424:"The Iranian Billionaire Involved In The 2011 Embezzlement Scandal Was Executed Saturday, Here's Why "
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452:"Iran sentences fugitive ex-bank chief to jail over $ 2.6bn embezzlement scandal"
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said 19 people had been arrested for being involved in the embezzlement scandal.
520:"Iranian parliament meets over embezzlement scandal, vows to pursue corruption"
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On 3 October 2011, Supreme Leader
Ayatollah Ali Khamenei told the viewers of
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Iran's supreme leader calls for ‘cutting traitorous hands' in huge bank scam
27:(also 2,800 billion embezzlement; approximately US$ 943.5 million) was a
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381:"Iran: Former Chief of a Major bank, Accused in Embezzlement Scandal"
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492:"Analysis: Iran's biggest financial scam weakens Ahmadinejad"
438:"Four sentenced to death over $ 2.6bn Iran bank fraud"
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According to
Iranian newspapers, Iranian businessman
550:"Epic bank scandal investigation hits Ahmadinejad"
398:"Iran billionaire executed over $ 2.6B bank fraud"
341:"Main Suspects Arrested in Iran Bank Embezzlement"
466:"Embezzlement in Iran is 'intolerable scandal'"
367:"Banker in Iran scandal said to be in Toronto"
324:"Iran: Banker's Return Sought in Bank Scandal"
119:The investigation determined that businessman
104:abruptly resigned as the managing director of
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305:"Iran Accuses Businessman of Bank Fraud"
203:On 16 September 2011, Iranian President
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261:Iran Makes New Arrests in Fraud Case
468:. 19 September 2011. Archived from
506:"Death terms in Iran bank scandal"
70:, Iran's largest commercial bank.
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226:Iran Insurance embezzlement case
404:. Associated Press. 24 May 2014
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94:Gholam-Hossein Mohseni-Eje'i
50:, opposed by conservatives.
46:, a close aide to President
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343:. Farsnews. Archived from
92:Iranian state prosecutor
209:Esfandiar Rahim Mashaei
121:Mahafarid Amir Khosravi
44:Esfandiar Rahim Mashaei
34:Mahafarid Amir Khosravi
40:Mostafa Pour Mohammadi
288:. Associated Press,.
307:. Associated Press.
114:Canadian citizenship
102:Mahomud-Reza Khavari
64:Saderat Bank of Iran
569:2011 crimes in Iran
472:on 6 September 2012
330:(29 September 2011)
311:(12 September 2011)
290:The Washington Post
205:Mahmoud Ahmadinejad
199:Mahmoud Ahmadinejad
168:The speaker of the
139:. According to the
98:The Washington Post
82:The Washington Post
48:Mahmoud Ahmadinejad
584:Corruption in Iran
530:on 10 October 2011
328:The New York Times
309:The New York Times
265:The New York Times
263:. Rick Gladstone.
236:Corruption in Iran
170:Iranian parliament
76:The New York Times
60:Iranian government
29:corruption scandal
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594:Scandals in Iran
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534:20 September
532:. Retrieved
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174:Ali Larijani
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125:embezzlement
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87:Bank Saderat
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524:China Daily
563:Categories
242:References
193:Al Jazeera
164:Parliament
106:Bank Melli
68:Bank Melli
402:USA Today
116:in 2005.
215:See also
147:Reaction
137:IB Times
54:Overview
133:bribery
408:24 May
131:, and
186:toman
182:rials
20:toman
536:2011
478:2011
410:2014
353:2011
79:and
16:The
141:BBC
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