Friday, September 30, 2011

Bank Saderat Iran was victim to an embezzlement operation

The director of Bank Saderat Iran, Mohammad Jahromi, has revealed that the bank was victim to an embezzlement operation amounting to 30 trillion riyals ($3 billion). The Itimad newspaper, which is close to the Iranian government, described the case of fraud as the biggest in the country's banking history. The embezzlement comes only a week after a similar case, estimated to have cost around $2 billion. Highly placed judiciary sources said that the government has arrested the accused.

Iranian president
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www.albawaba.com/business/bank-saderat-iran-was-victim-embezzlement-operation-391028

Darren Bent Employment law Middle East Extradition Gabriel Agbonlahor JS Bach

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