TEHRAN, Feb. 17 — Iran’s Supreme Court confirmed Sunday death sentences for four people involved in a big embezzlement case, official IRNA news agency reported.
In the summer of 2011, Iranian media reported that nearly 2.6 billion U.S. dollars was swindled out of several banks over a span of more than two years by Amir Mansour Aria Company, whose owner, taking advantage of the government connections, purchased swaths of state-owned assets, including those of Iran’s second largest steel maker Khuzestan Steel Company.

In October 2011, Iranian media reported that, along with some people, a number of Iranian banking officials were also arrested over the scandal, allegedly one of the biggest frauds in Iran’s history.

According to IRNA, a banking official of the country was sentenced to life imprisonment.

More details will be announced by the judiciary spokesman on Monday, said the report.

By Xinhua

 

The Iran Project is not responsible for the content of quoted articles.