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.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www.albawaba.com/business/bank-saderat-iran-was-victim-embezzlement-operation-391028
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