Chief suspect arrested in Iran bank scam
Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini
Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini says that chief suspect of the USD 2.8 billion-banking scam has been apprehended.
“The chief suspect of this case has purportedly been arrested,” Fars News Agency quoted Hosseini as saying on Sunday.
Hosseini added that no new information was available in the case.
Seven state-owned and private banks including Saderat Bank have reportedly been revealed to have been involved in a USD 2.8 billion-embezzlement.
The financial scandal entailed the forging of fraudulent documents to secure the multi-billion dollar credit, which was then used to purchase state-owned companies.
The director of the Saderat Bank Mohammad Jahromi took part in a press conference on September 9, 2011, to announce that his bank was not involved in the case. However, he confirmed that the financial abuse of seven banks in Iran has been carried out using forged documents.
Consequently, Iran's judiciary chief appointed Prosecutor General Hojjatoleslam Mohseni-Ejei to investigate the case. Mohseni-Ejei, then, announced on September 18, 2011 that 19 people were arrested in connection with the case.
The Prosecutor-General added that necessary measures had been taken to prevent the criminals from leaving the country or transferring money to offshore accounts.