Skip to main content

Iran Court Starts Trial in $2.6 Billion Bank Fraud

Tehran court began hearing the trial of 32 defendants on Saturday in a $2.6 billion bank fraud case described as the biggest financial swindle in the country’s history, state television reported.   Abbas Jafari Dowlatabadi, read the text of the indictment against the suspects, who wore prison uniforms at the opening session at the Revolutionary Court, which deals with cases involving security and organized crime. The charges involve the use of forged documents to get credit at one of Iran’s top financial institutions to purchase assets, including state-owned companies. Iran’s judiciary has banned the news media from identifying the defendants by their full names. The primary defendant is referred to in reports by his nickname, Amir Mansour Aria, and he is described in the Iranian news media as the head of a business empire. The state television Web site quoted the indictment as saying the owners of the Aria Investment Development Company used “incorrect connections with executive and political elements” to accrue wealth. “Dozens of instances of bribe payments to staff and managers of banks have taken place under various titles,” it said. The indictment also said that company managers undermined the country’s economic security through fraud and by paying large bribes to illegally accumulate several billion dollars. State television said the top defendant has been charged with being “corrupt on earth,” an Iranian legal term meaning that the defendant is an enemy of God. The charge carries the death penalty. Aria pleaded not guilty, but he acknowledged that he had violated some laws. “Some violations were committed, and all that was on my order,” the state television Web site quoted him as telling the court. “I had no intention of committing treason against the country and the system. If I wanted to do so, I would have taken the money out of the country.” One of the suspects in the case, Mahmoud Reza Khavari, the former head of Bank Melli, now reportedly lives in Canada.

Comments

Popular posts from this blog

Ebola outbreak vastly underestimated

The death toll from the world's worst outbreak of Ebola stood on Wednesday at 1,069 from 1,975 confirmed, probable and suspected cases, the agency said. The majority were in Guinea, Sierra Leone and Liberia, while four people have died in Nigeria. The agency's apparent acknowledgement the situation is worse than previously thought could spur governments and aid organisations to take stronger measures against the virus. "Staff at the outbreak sites see evidence that the numbers of reported cases and deaths vastly underestimate the magnitude of the outbreak," the organisation said. "WHO is coordinating a massive scaling up of the international response, marshalling support from individual countries, disease control agencies, agencies within the United Nations system, and others." International agencies are looking into emergency food drops and truck convoys to reach hungry people in Liberia and Sierra Leone cordoned off from the outside world to halt the sprea...

Four of the last reporters and photographers willing to cover crime stories have been slain in less than a week in violence-torn Veracruz state

Four of the last reporters and photographers willing to cover crime stories have been slain in less than a week in violence-torn Veracruz state, where two Mexican drug cartels are warring over control of smuggling routes and targeting sources of independent information. The brutal campaign is bleeding the media and threatening to turn Veracruz into the latest state in Mexico where fear snuffs out reporting on the drug war. Three photojournalists who worked the perilous crime beat in the port city of Veracruz were found dismembered and dumped in plastic bags in a canal Thursday, less than a week after a reporter for an investigative newsmagazine was beaten and strangled in her home in the state capital of Xalapa. Press freedom groups said all three photographers had temporarily fled the state after receiving threats last year. The organizations called for immediate government action to halt a wave of attacks that has killed at least seven current and former reporters and photographer...

Former British and European champion boxer Jamie Moore has been shot in Marbella

Former British and European champion boxer Jamie Moore has been shot in Marbella - apparently in both legs. Moore, the former European light-middleweight champion, was in Spain working at a gym owned by boxer, Matthew Macklin, who he is training. It is understood the 35-year-old Moore, from Walkden, Greater Manchester, has now left hospital after treatment. Moore, highly regarded in the sport, was on the verge of a WBC title shot, in 2009, but decided to quit the sport in 2010 on medical grounds. Moore is a former two-time British light-middleweight champion and Commonwealth champion. A source told  the Manchester Evening News : "It would appear he was out and about, not at the gym, when he was shot." A spokesman for the Foreign Office confirmed that a British national had been shot over the weekend. Moore was helping prepare Mackin for a fight in Dublin later this month against Argentinian, Jorge Sebastian-Heiland for the WBC international midldeweight title. As well as a wo...