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Iranian government transferred $150B of assets in 10 years

Business Materials 4 July 2015 04:38 (UTC +04:00)
The Iranian Privatization Organization has transferred $150 billion of governmental assets in the past ten years.
Iranian government transferred $150B of assets in 10 years

Tehran, Iran, July 3

By Mehdi Sepahvand - Trend:

The Iranian Privatization Organization has transferred $150 billion of governmental assets in the past ten years.

According to the head of the organization Mir Ali Ashraf Abdullahpour Hosseini, close to $10 billion of that went to creditors, and pretty much the same amount went into the Edalat Shares.

Some $26.2 billion also went to pay for other governmental debts; $680 million of that went as wage to workers.

He stated that although according to the law, the major transferences must have been completed in the time mentioned, the requirements of the law in this section have not been even half met.

Edited by CN

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