Iran arrests 19 for bank fraud

September 20th, 2011 - 8:18 pm ICT by IANS  

Tehran, Sep 20 (IANS) Iran has arrested 19 people for swindling banks of nearly $2.6 billion, Xinhua reported.

The accused were operating under the firm Amir Mansour Aria. It’s considered one of the biggest financial frauds in Iran.

Iran’s General Inspection Organisation chief Mostafa Pourmohammdi Sunday said in a report to parliament that some officials helped the accused in the crime.

The judiciary has assigned prosecutor Gholam-Hossein Mohseni-Ejei to probe the case.

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