Financial Tribune - Tehran Prosecutor Abbas Jafari Dolatabadi said investigators in a high-profile probe to crack down on suspected fraud in the gold coin market have traced the means to fund the 30 largest coin purchases to six banks.

�Our findings show the bulk of the funds came from public and private banks � The source of funds used by the 30 top purchasers of gold coin was the money withdrawn from six banks,� Dolatabadi was quoted as saying by IBENA on Monday.

Some bank executives are facing prosecution on charges related to money laundering and other financial crimes, he added. The investigation is part of a joint drive by the government and judiciary to tackle crises in the gold coin and foreign currency markets.