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Majlis members to stand trial on $3 billion bank fraud

Wednesday, 24 April 2013

The head of the Tehran Criminal Court said that the files of three (unnamed) Majlis members connected to a USD 3 billion bank fraud are now being processed by the court and they will soon stand trial. 55 people have been charged with involvement in the corruption case, which involved seven state-owned and private Iranian banks issuing fraudulent letters of credit to secure loans. The head of Melli Bank fled Iran following the scandal and currently resides in Canada. Despite Iranian efforts to secure his extradition to face charges in Iran, Mahmoud Khavari has not been handed over by Canadian authorities.

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  • Published: 17 days ago on Wednesday, 24 April 2013
  • By: Iran Daily Brief
  • Last Modified: April 24, 2013 @ 1:37 pm
  • Filed Under: Domestic
  • Tagged with:
  • Source(s):
    • http://www.payvand.com/news/13/apr/1150.html; http://www.neconews.com/vdcepz8z.jh8exi9bbj.html

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