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Fourth trial session of $2.8 billion embezzlement case underway in Iran

Iran Materials 27 March 2012 10:27 (UTC +04:00)
Fourth trial session of $2.8 billion embezzlement case has kicked off today morning in Iran, Mehr reported.
Fourth trial session of $2.8 billion embezzlement case underway in Iran

Azerbaijan, Baku, March 27 /Trend S.Isayev, T. Jafarov/

Fourth trial session of $2.8 billion embezzlement case has kicked off today morning in Iran, Mehr reported.

Head of the financial operations of the "Amir Mansur Aria" company was brought to the court at approximately 9 o'clock, along with his lawyer.

Thirty two people are accused of involvement in the huge corruption case. Five of them may receive the death sentence if they are found guilty.

The first court session of the trial of 32 defendants charged with involvement in the biggest embezzlement case in Iran's history was held on Feb.19.

Seven state-owned and private Iranian banks are said to be involved in the fraud case, in which documents were also forged in efforts to secure loans and purchase state-owned companies.

The judiciary began investigating the case about five months ago.

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